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Monetary system   /mˈɑnətˌɛri sˈɪstəm/   Listen
Monetary system

noun
1.
Anything that is generally accepted as a standard of value and a measure of wealth in a particular country or region.  Synonym: medium of exchange.






WordNet 3.0 © 2010 Princeton University








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"Monetary system" Quotes from Famous Books



... her in the face of high Heaven, the Passport Bureau at Washington, the War Zone Bureau at the Custom-House, the head clerk at the Cunard office, the watchman at the pier, the official who changed my American money into your own very confusing monetary system, the man at the head of the gang-plank, the man at the foot of the gang-plank, the steward who filled my alien's declaration, the steward who gave me my landing-card, several battalions of control officers, and approximately half the Allied diplomatic services. When I spoke to Edith I had all the ...
— Punch, or the London Charivari, Vol. 156, Jan. 1, 1919 • Various

... difficulties in the way of obtaining supplies of currency for business transactions. President Cleveland recommended the repeal of the Silver Coinage Act, but he had no plan to offer by which the genuine complaints of the people against the existing monetary system could be removed. Free silver thus was allowed to stand before the people as the only practical proposal for their relief, and upon this issue a conflict soon began between Congress and ...
— The Cleveland Era - A Chronicle of the New Order in Politics, Volume 44 in The - Chronicles of America Series • Henry Jones Ford

... silver coin of the value of 3s. 2d.; the unit of the Russian monetary system; a much depreciated paper rouble is also in circulation; the rouble ...
— The Nuttall Encyclopaedia - Being a Concise and Comprehensive Dictionary of General Knowledge • Edited by Rev. James Wood

... notes or sovereigns out of his hand for less than six or seven per cent. Can there be a more convincing proof that the currency of the country has been unduly drained away, and that the present monetary system, which forbids any extension of it in paper when the specie is abstracted, is based on a wrong foundation? Nor is it surprising that the currency should be straitened when it is notorious that every packet ...
— Blackwood's Edinburgh Magazine, Volume 61, No. 378, April, 1847 • Various

... of mankind. Human labour and existing material are dealt with in relation to that. Trading and relative wealth are merely episodical in such a scheme. The trend of the article I read, as I understood it, was that a monetary system based upon a relatively small amount of gold, upon which the business of the whole world had hitherto been done, fluctuated unreasonably and supplied no real criterion of well-being, that the nominal values of things and enterprises had no clear and simple relation to the real physical prosperity ...
— A Modern Utopia • H. G. Wells



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