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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



... experience of commercial nations in all ages it has been found that gold and silver afford the only safe foundation for a monetary system. Confusion has recently been created by variations in the relative value of the two metals, but I confidently believe that arrangements can be made between the leading commercial nations which will secure the general use of both metals. Congress ...
— United States Presidents' Inaugural Speeches - From Washington to George W. Bush • Various

... which this meeting made to the agrarian movement was contained in the report of the committee on the monetary system, of which C. W. Macune was chairman. This was the famous sub-treasury scheme, soon to become the paramount issue with the Alliance and the Populists in the South and in some parts of the West. The committee proposed "that the system of using ...
— The Agrarian Crusade - A Chronicle of the Farmer in Politics • Solon J. Buck

... 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

... 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

... white gate. "Yes, that's true," she said. "To keep our secret, we lived in our old houses while we were settling our affairs, closing down our few industries and setting up a new monetary system. In fact, we even kept our ... the children in the dark for fear that they would talk at school. Suppose, however, we had publicized our utopia. Can't you imagine the mockery opportunists would have made ...
— The Servant Problem • Robert F. Young



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



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