monetary unit

noun

Definition of monetary unit

: the standard unit of value of a currency

Examples of monetary unit in a Sentence

Recent Examples on the Web Under a genuine gold standard, a monetary unit is defined as a specific quantity of gold. William J. Luther And Alexander William Salter, WSJ, 2 Aug. 2021 Olmec, Toltec, Maya, Aztec—that found ways to exploit the bean, which was variously used as a monetary unit, a measuring unit and a meal. Franz Lidz, Smithsonian, 11 July 2019 Rather than paying retailers directly with the digital money, Coinbase charges users a fee to convert other monetary units into a digital currency. SFChronicle.com, 12 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'monetary unit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of monetary unit

1810, in the meaning defined above

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Time Traveler for monetary unit

Time Traveler

The first known use of monetary unit was in 1810

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Dictionary Entries Near monetary unit

monetary policy

monetary unit

monetite

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Statistics for monetary unit

Cite this Entry

“Monetary unit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/monetary%20unit. Accessed 6 Oct. 2022.

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