Meaning of Word
Monetary refers to anything related to money or currency, especially in the context of a country’s financial system or the management of financial resources.
Definitions and Meaning in English
- Monetary (adjective): Pertaining to money or currency, particularly with respect to financial matters, policies, or systems.
- Example: “Monetary policies affect inflation rates and currency values.”
History and Origin
The term “monetary” originates from the Latin word monetarius, meaning “of a mint or coin.” This comes from moneta, which refers to the mint or place where coins are produced. The word entered the English language in the 16th century, initially used to describe things related to money, especially coins and financial affairs.
Detailed Explanation
Monetary relates primarily to anything that involves money and financial systems. It is most commonly used in the context of economic policy (such as “monetary policy”) and finance. This term is often associated with how governments, banks, or financial institutions control the money supply, interest rates, and inflation, all of which influence the economy’s overall health. In addition, it can refer to something that involves the exchange or circulation of money.
Example Sentences
- The government implemented a new monetary policy to control inflation.
- Monetary issues often dominate discussions on national economic stability.
- Central banks use monetary tools to adjust interest rates.
- The monetary value of assets can fluctuate based on market conditions.
- Monetary reform was crucial for the country’s financial recovery.
- The monetary system needs to be restructured to avoid future crises.
- The monetary supply has been expanded to stimulate the economy.
- Investors are concerned about the monetary consequences of the new law.
- Monetary exchange rates have a significant impact on international trade.
Synonyms with Short Explanation
- Financial: Relating to money management and financial institutions.
- Economic: Concerning the production, distribution, and consumption of goods and services.
- Fiscal: Pertaining to government revenue and expenditures.
- Currency-related: Pertaining to the circulation of money.
- Banking: Relating to the activities of banks, including money management and lending.
Related Words with Short Explanation
- Inflation: The rate at which the general level of prices for goods and services rises, eroding purchasing power.
- Interest rate: The percentage charged on loans or paid on deposits, a key part of monetary policy.
- Currency: The system of money in general use in a country.
- Reserve: Money set aside by a bank or institution to maintain financial stability.
- Debt: Money owed by one party to another, often involving interest and repayment terms.
More Matches with Short Explanation
- Cash flow: The total amount of money being transferred into and out of a business.
- Investment: The action of investing money for profit or material result.
- Banknote: A piece of paper money issued by a central bank.
- Treasury: The government department responsible for managing national finances.
- Subsidy: Financial assistance granted by the government to help reduce the cost of services or goods.
Antonyms
- Non-financial: Not related to money or economic systems.
- Immaterial: Not important or relevant in terms of money or finances.
- Invaluable: Having an extreme worth beyond monetary value.
- Worthless: Lacking value or significance, especially in financial terms.
- Unprofitable: Not yielding financial gain or return on investment.