English Lexicon

Monetary System

/ˈmʌnɪtəri ˈsɪstəm/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A framework or set of institutions that manage the supply of money, the availability of credit, and the overall economic stability of a country.

    "The central bank plays a crucial role in regulating the monetary system to ensure economic stability."
  2. 2

    The specific methods and policies used by a government to control the currency and manage the economy.

    "Different countries adopt various monetary systems to address their unique economic challenges."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'monetary' originates from the Latin 'monetarius', meaning 'of money', which evolved through Middle English. 'System' comes from the Latin 'systema', meaning 'a whole composed of parts', reflecting the structured nature of monetary systems in economics.

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