Monetary Meaning: Definition, Examples, and Translations
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monetary
[ˈmʌnɪt(ə)ri ]
Definitions
economics
Relating to money or currency.
Synonyms
Which Synonym Should You Choose?
| 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.
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| financial |
Related to finances, including the management of money, investments, credit, and banking. Commonly used in contexts involving personal finance, businesses, and financial markets.
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| fiscal |
Specifically pertains to government revenue, expenditure, and debt. Often used in discussions about tax policies, government budgets, and public spending.
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| 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.
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Examples of usage
- The country's monetary policy aims to control inflation.
- She has a strong background in monetary economics.
general
Involving or relating to money.
Synonyms
cash-related, financial, pecuniary.
Which Synonym Should You Choose?
| Word | Description / Examples |
|---|---|
| monetary |
Used in formal settings to refer to anything related to money or currency, often in economic or policy discussions.
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| financial |
Broad term used in formal and informal settings to describe anything related to finance, including investments, savings, and economic conditions.
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| pecuniary |
Highly formal and often legal term referring to something that involves or relates to money; not commonly used in everyday conversation.
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| cash-related |
Informal and specific to situations directly involving physical cash transactions or cash handling.
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Examples of usage
- The monetary value of the painting is estimated to be high.
- We need to consider the monetary implications of our decision.
Translations
To see the translation, please select a language from the options available.
Interesting Facts
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.
Origin of 'monetary'
Main points about word origin
- 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.
The word 'monetary' originated from the Latin word 'monetarius', which means 'pertaining to money'. It has been used in English since the 17th century. The concept of monetary systems has evolved over time, reflecting changes in economies and societies. Today, monetary policies play a crucial role in shaping economic stability and growth.
See also: monetarily, money, moneyed.