What is another word for monetary system?

Pronunciation: [mˈʌnɪtəɹi sˈɪstəm] (IPA)

A monetary system is a vital aspect of any economy. It encompasses all institutions and processes that facilitate the exchange of goods and services within an economy. Synonyms for monetary system include currency system, financial system, economic system, banking system, and fiscal setup. The currency system pertains to the official medium of exchange, including digital and physical assets. The financial system includes all financial institutions, including banks, credit unions, and insurance companies. The banking system offers payment processing services such as deposits, withdrawals, and loans. Meanwhile, the fiscal setup covers the taxation and government revenues, budgeting, and spending. Overall, these synonyms for the monetary system aim to encompass the different factors that influence the flow of money within an economy.

Synonyms for Monetary system:

What are the hypernyms for Monetary system?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    economic system, financial system, currency system, numerical system.

Famous quotes with Monetary system

  • It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
    Henry Ford
  • The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians.
    Henry Hazlitt
  • Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed.
    Ron Paul
  • Metric is definitely communist. One monetary system, one language, one weight and measurement system, one world - all communist! We know the West was won by the inch, foot, yard, and mile.
    Dean Krakel
  • It is well enough that the people of this nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
    Henry Ford

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