Monetary Unit (Noun)
Meaning
A unit of money.
Classification
Nouns denoting quantities and units of measure.
Examples
- The US dollar is the monetary unit of the United States of America.
- In the Eurozone, the euro is the standard monetary unit used for all transactions.
- The country's new monetary unit was introduced to replace the old currency.
- The company's financial reports were converted to the local monetary unit for tax purposes.
- The country's inflation rate was calculated based on the value of its monetary unit.