Definition of Monetary unit:
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.
A standard unit of value of a countrys coinage.
How to use Monetary unit in a sentence?
- You need to figure out what monetary unit will be best to use when doing business with anyone from another country.
- When you create your table of monetary unit s, remember to include the denomination and currency type, such as euros or rupees.
- 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