Monetary unit

Monetary unit,

Definition of Monetary unit:

  1. Currency unit (such as the dollar, euro, peso, rupee) issued as a coin or banknote, and used as a standard unit of value and a unit of account. A monetary unit may be issued in several denominations which are multiples (such as $1, $5, $10, etc.) or fractions (such as ¢1, ¢5, ¢10, etc.) of the basic unit.

  2. A standard unit of value of a countrys coinage.

How to use Monetary unit in a sentence?

  1. You need to figure out what monetary unit will be best to use when doing business with anyone from another country.
  2. When you create your table of monetary unit s, remember to include the denomination and currency type, such as euros or rupees.
  3. I was told what a monetary unit was and I was surprised because I did not realize that I had so many.

Meaning of Monetary unit & Monetary unit Definition