monetary unit |
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Definition
Currency unit (such as the dollar, euro, peso, rupee) issued as a coin or banknote, and used as a standard unit of value and a unit of account. A monetary unit may be issued in several denominations which are multiples (such as $1, $5, $10, etc.) or fractions (such as ¢1, ¢5, ¢10, etc.) of the basic unit.
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monetary unit is in the Accounting & Auditing, Banking, Commerce & Finance and Economics, Politics, & Society subjects.
monetary unit appears in the definitions of the following terms: inflationary spiral, material price standard and real variable
monetary unit appears in these other term: monetary unit of account
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