monetary system

Popular Terms
Set of mechanisms by which a government provides money (cash) in a country's economy. It usually consists of a mint, central bank, and commercial banks.

Use 'monetary system' in a Sentence

The monetary system that was in place was very good and I definitely had a lot of faith that it would work good.
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You should always know what monetary system will give you the best exchange rate when you are dealing with someone from another country.
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When you are doing business with someone from another country it may be beneficial to use their monetary system as payment.
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