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Monetary system   /mˈɑnətˌɛri sˈɪstəm/   Listen
Monetary system

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

... identity, has been called into question since the Soviet collapse and Austria's increasingly prominent role in European affairs. A prosperous country, Austria joined the European Union in 1995 and the euro monetary system in 1999. ...
— The 2000 CIA World Factbook • United States. Central Intelligence Agency.

... little room in which he was conferring. He saw the varied and pressing needs of a great nation labouring now under a currency system that held its resources as if in a strait-jacket. He saw in the old monetary system which had prevailed in the country for many years a prolific breeder of panic and financial distress. He saw the farmer of the West and South a plaything of Eastern financial interests. And thus, under the leadership of Woodrow Wilson was begun the first skirmish in the great battle to free ...
— Woodrow Wilson as I Know Him • Joseph P. Tumulty

... 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

Words linked to "Monetary system" :   touchstone, medium of exchange, legal tender, standard, criterion, tender, stamp, currency, money, measure

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