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Monetary: meaning, definitions and examples

๐Ÿ’ฐ
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monetary

 

[หˆmสŒnษชt(ษ™)ri ]

Definitions

Context #1 | Adjective

economics

Relating to money or currency.

Synonyms

economic, financial, fiscal.

Which Synonym Should You Choose?

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Word Description / Examples
monetary

Used when discussing matters related to money supply, interest rates, and overall policies of the central bank. Often found in official, formal, or academic settings.

  • The central bank decided to tighten monetary policy to control inflation.
  • Monetary stability is crucial for economic growth.
financial

Related to finances, including the management of money, investments, credit, and banking. Commonly used in contexts involving personal finance, businesses, and financial markets.

  • She received financial advice from a professional.
  • The company's financial statements are due next month.
fiscal

Specifically pertains to government revenue, expenditure, and debt. Often used in discussions about tax policies, government budgets, and public spending.

  • The government introduced new fiscal policies to reduce the deficit.
  • Fiscal responsibility is essential for long-term economic health.
economic

Refers to anything related to the economy as a whole, including production, consumption, and trade of goods and services. Can be used in various contexts, from everyday conversations to academic discussions.

  • The economic growth of the country has been impressive.
  • They are studying the economic impact of new technologies.

Examples of usage

  • The country's monetary policy aims to control inflation.
  • She has a strong background in monetary economics.
Context #2 | Adjective

general

Involving or relating to money.

Synonyms

cash-related, financial, pecuniary.

Which Synonym Should You Choose?

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Word Description / Examples
monetary

Used in formal settings to refer to anything related to money or currency, often in economic or policy discussions.

  • The monetary policy of the country is aimed at controlling inflation.
  • The company faced monetary losses due to the economic downturn.
financial

Broad term used in formal and informal settings to describe anything related to finance, including investments, savings, and economic conditions.

  • She has a strong financial background with years of experience in banking.
  • The financial health of the company has improved significantly over the last quarter.
pecuniary

Highly formal and often legal term referring to something that involves or relates to money; not commonly used in everyday conversation.

  • He received a pecuniary reward for his bravery.
  • The court ruled that she was entitled to pecuniary damages for her losses.
cash-related

Informal and specific to situations directly involving physical cash transactions or cash handling.

  • The job involves various cash-related tasks such as counting money and making deposits.
  • They discussed cash-related issues during the business meeting.

Examples of usage

  • The monetary value of the painting is estimated to be high.
  • We need to consider the monetary implications of our decision.

Interesting Facts

Etymology

  • The word originated from the Latin 'monetarius', which means 'of money' and is associated with the Roman goddess Juno Moneta, protector of finances.
  • In Middle English, 'monetary' was used to discuss issues related to currency and trade, showing its deep historical roots in economics.

Economic Systems

  • Monetary policy is a set of actions taken by a country's central bank to control the amount of money circulating in the economy.
  • The two main types of monetary policy are expansionary (increasing money supply) and contractionary (decreasing money supply) to manage economic stability.

Psychology

  • Studies show that people's relationship with money can affect their mental health, with anxiety often linked to financial stress.
  • Research suggests that individuals perceive money as a means of control, and having it can lead to increased feelings of security.

History

  • The first coins were created around 600 BCE in Lydia (modern Turkey), marking a significant shift in monetary systems from barter to currency.
  • Gold and silver were historically favored as backing for currencies, leading to the term 'gold standard,' where currency value was directly linked to gold.

Technology

  • Digital currencies, like Bitcoin, represent a modern shift in monetary practices, allowing for decentralized transactions outside traditional banking systems.
  • Mobile payment apps have revolutionized how people use currency, making transactions faster and more convenient than ever before.

Translations

Translations of the word "monetary" in other languages:

๐Ÿ‡ต๐Ÿ‡น monetรกrio

๐Ÿ‡ฎ๐Ÿ‡ณ เคฎเฅŒเคฆเฅเคฐเคฟเค•

๐Ÿ‡ฉ๐Ÿ‡ช monetรคr

๐Ÿ‡ฎ๐Ÿ‡ฉ moneter

๐Ÿ‡บ๐Ÿ‡ฆ ะณั€ะพัˆะพะฒะธะน

๐Ÿ‡ต๐Ÿ‡ฑ monetarny

๐Ÿ‡ฏ๐Ÿ‡ต ่ฒจๅนฃใฎ

๐Ÿ‡ซ๐Ÿ‡ท monรฉtaire

๐Ÿ‡ช๐Ÿ‡ธ monetario

๐Ÿ‡น๐Ÿ‡ท parasal

๐Ÿ‡ฐ๐Ÿ‡ท ํ™”ํ์˜

๐Ÿ‡ธ๐Ÿ‡ฆ ู†ู‚ุฏูŠ

๐Ÿ‡จ๐Ÿ‡ฟ mฤ›novรฝ

๐Ÿ‡ธ๐Ÿ‡ฐ menovรฝ

๐Ÿ‡จ๐Ÿ‡ณ ่ดงๅธ็š„

๐Ÿ‡ธ๐Ÿ‡ฎ monetarni

๐Ÿ‡ฎ๐Ÿ‡ธ peningalegur

๐Ÿ‡ฐ๐Ÿ‡ฟ ะฐา›ัˆะฐะปะฐะน

๐Ÿ‡ฌ๐Ÿ‡ช แƒคแƒ˜แƒœแƒแƒœแƒกแƒฃแƒ แƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ pul

๐Ÿ‡ฒ๐Ÿ‡ฝ monetario

Word Frequency Rank

With rank #4,020, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.