monetary unit


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., 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

Learn More About monetary unit

Time Traveler for monetary unit

Time Traveler

The first known use of monetary unit was in 1810

See more words from the same year

Dictionary Entries Near monetary unit

monetary policy

monetary unit


See More Nearby Entries 

Statistics for monetary unit

Cite this Entry

“Monetary unit.” Dictionary, Merriam-Webster, Accessed 6 Oct. 2022.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon


Test Your Vocabulary

The Great British Vocabulary Quiz

  • union jack speech bubble
  • Named after Sir Robert Peel, what are British police called?
Spell It

Can you spell these 10 commonly misspelled words?

Universal Daily Crossword

A daily challenge for crossword fanatics.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!