money

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Related to monetary: International Monetary Fund

Money

Currency and coin that are guaranteed as legal tender by the government, a regulatory agency or bank.

Money

A commodity, asset, or (most commonly) currency that may be exchanged for goods and services. Usually, the domestic government issues its own money and provides penalties to persons and businesses in its jurisdiction that do not accept it. Money and the money supply are integral to determining interest rates, inflation, and especially economic growth. There is no uniform agreement as to what qualifies as money; some economists include more mediums of exchange than other economists. Every society throughout history has used some sort of money, even bartering economies traded for something perceived to be equivalent. See also: Money supply, Liquidity.

money

A generally accepted medium for the exchange of goods and services, for measuring value, or for making payments. Many economists consider the amount of money and growth in the amount of money in an economy very influential in determining interest rates, inflation, and the level of economic activity. There is some disagreement among economists as to what types of things actually should be classified as money; for example, should balances in money market funds be included. See also money supply.

money

an asset which is generally acceptable as a means of payment in the sale and purchase of products and other assets and for concluding borrowing and lending transactions. The use of money enables products and assets to be priced in terms of the monetary units of the country (pence and pounds in the UK, for example), and to be exchanged using money as a common medium of exchange rather than the bartering of one product against another. Money also acts as a store of value (money can be held over a period of time and used to finance future payments) and as a unit of account (money is used to measure and record the value of products and assets, as for example in compiling the country's NATIONAL INCOME accounts). See MONEY SUPPLY, MONETARY POLICY.

money

an ASSET that is generally acceptable as a medium of exchange. Individual goods and services, and other physical assests, are ‘priced’ in terms of money and are exchanged using money as a common denominator rather than one GOOD, etc., being exchanged for another (as in BARTER). The use of money as a means of payment enables an economy to produce more output because it facilitates SPECIALIZATION in production and reduces the time spent by sellers and buyers in arranging exchanges. Other important functions of money are its use as a store of value or purchasing power (money can be held over a period of time and used to finance future payments), a standard of deferred payment (money is used as an agreed measure of future receipts and payments in contracts) and as a unit of account (money is used to measure and record the value of goods or services, e.g. GROSS NATIONAL PRODUCT, over time). See LEGAL TENDER.
References in periodicals archive ?
The GCC monetary union would eliminate transaction costs that GCC citizens must endure due to having several national currencies in one regional bloc," said the study.
One implication of this understanding is that as changes in the target federal funds rate became more predictable, changes in the monetary base may have become less predictable.
Monetary arrangements that supplement tradingrelationships have existed for centuries.
For example, a commercial tenant's right to exercise an option to renew or to expand is often contingent upon a prior history of no monetary defaults.
That is the nub: any conceivable resolution of the strains in monetary union must involve Germany's inflation accelerating sharply.
The International Monetary Fund has suggested the possibility of institutionalizing the government's commitment to a public sector surplus of 1% GDP (known in Chile as the fiscal rule).
When the BOJ first adopted "quantitative easing" in 2001, its focus for monetary policy shifted from interest rate targets to current account balances and other liquidity targets.
It is helpful to analytically display some of the most critical tax positions with their estimated monetary and reputational risk attributes to challenge some of the positions that are not consistent with the desired risk appetite.
My work on monetary policy strategy began with a paper written with Ben Bernanke in 1992 that focused on monetary targeting in six industrialized countries; this has been followed by a series of other papers analyzing monetary targeting in industrialized countries.
In monetary union," he argued, "the monetary suit is no longer custom-tailored for each nation, but the standard size must fit all.
Council member Kris Carraway-Bowman, running for re-election, filed for a total of $1,113 in monetary contributions raised.
Louis' monetary services index project seeks to provide researchers and policymakers with an extended database of new measures of monetary aggregates - the monetary services indexes (MSIs) - and related data.