monetary system



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.

    9 people found this helpful
  • You should always know what monetary system will give you the best exchange rate when you are dealing with someone from another country.

    2 people found this helpful
  • When you are doing business with someone from another country it may be beneficial to use their monetary system as payment.

    9 people found this helpful
Show more usage examples...

Related Videos

Mentioned in these terms

Have a question about monetary system? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z