British Monetary Unit (Noun)
Meaning
Monetary unit in Great Britain.
Classification
Nouns denoting quantities and units of measure.
Examples
- The British monetary unit, known as the Pound Sterling, is the fourth most traded currency in the foreign exchange market.
- As a result of Brexit, the British monetary unit experienced a sharp decline against other major currencies.
- Since the country uses a decimal-based British monetary unit system, each Pound Sterling can be subdivided into one hundred smaller units known as Pence.
- She is visiting England soon, and wanted to understand how to handle a different British monetary unit in transactions and commerce.
- Since inflation remained at reasonable levels and kept using its unique British monetary unit to show what growth happened despite bad industrial policy that favored welfare of capital in last fiscal years