monetary unit


  • WordNet 3.6
    • n monetary unit a unit of money
    • ***
Webster's Revised Unabridged Dictionary
    • Monetary unit the standard of a national currency, as the dollar in the United States, the pound in England, the peso in Mexico, the ruble in Russia, the franc in France, the mark in Germany. Also, the standard of an international currency, such as the euro used in the European union.
    • ***
Chambers's Twentieth Century Dictionary
    • Monetary unit the unit of currency—the pound sterling
    • ***


In literature:

They are our monetary units.
"When the Sleeper Wakes" by Herbert George Wells
LIVA, an Italian coin worth 91/2 d., and the monetary unit in the country.
"The Nuttall Encyclopaedia" by Edited by Rev. James Wood
All nations should unite in adopting the same monetary system and that system should be gold.
"Carnegie Library of Pittsburgh Debate Index" by Carnegie Library of Pittsburgh
You owe me fifteen System Monetary Units for that, Lord Virzal.
"Last Enemy" by Henry Beam Piper
Our monetary unit is simply called a credit.
"Space Viking" by Henry Beam Piper
The monetary unit, the gold peso, does not form a part of the actual coinage.
"Encyclopaedia Britannica, 11th Edition, Volume 6, Slice 2" by Various
The monetary unit is the gold colon weighing .778 gramme, .900 fine, and thus worth about 23d.
"Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 4" by Various
Gold is the nominal standard of value, the monetary unit being the gold milreis worth 2s.
"Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 4" by Various
It consists in a method of making the monetary unit conform to any standard chosen.
"Readings in Money and Banking" by Chester Arthur Phillips
The monetary unit of modern Greece is also called a drachma.
"The New Gresham Encyclopedia" by Various

In news:

TOKYO — The Japanese central bank announced fresh measures on Tuesday to ease monetary policy, stepping up its bid to fend off recession in the world's third-largest economy after the United States and China.
Travelers leaving or entering the United States have long had to declare aggregated cash and other monetary instruments exceeding $10,000.
Already, some analyses of International Monetary Fund data suggest that the size of the Chinese economy could eclipse that of the United States in just five years.
A couple of weeks ago at the Republican National Convention, there was a whisper campaign that followers of Ron Paul were going to make a hard push for moving the United States back to the gold standard for our monetary policy.
LONDON – The bleak outlook for the European economy knocked the euro and stalled gains the region's share markets on Friday, as investors waited to see if nonfarm payrolls data in the United States might affect its monetary policy plans.
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury , which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense.

In science:

One should also note that another problem is the lack of consideration of the measurement of wealth (in terms of monetary units) and the influence of changes of the value of certain components of overall wealth.
Emergent Statistical Wealth Distributions in Simple Monetary Exchange Models: A Critical Review
The qualification “typical” means that there is a trading strategy (constructed explicitly in the proof ) that risks only one monetary unit but brings infinite capital when the variation index of the realized price path exceeds 2.
Rough paths in idealized financial markets
Our key assumption is that the market in our security is efficient, in the following weak sense: a prespecified trading strategy risking only 1 monetary unit will not bring infinite capital at time T .
Rough paths in idealized financial markets
This assumption is not required for our mathematical results, but is useful in their interpretation and justifies our terminology: we say that a property holds for typical price paths if there is a trading strategy risking only 1 monetary unit that brings infinite capital at time T whenever the property fails.
Rough paths in idealized financial markets
When this is convenient, monetary units are called dollars, $, for dimensional consistency, although the choice of unit or currency is irrelevant. I will synonymously use the terms “expectation value” and “ensemble average”.
Menger 1934 revisited