Monetary unit

Pronunciation: /ˈmɑnəˌtɛɹi ˈjunət/

Monetary unit (noun)

  1. A named amount of money used to measure prices, wages, and debts in a country or system.
  2. The basic currency used for buying and selling, such as the main money people use in daily life.

Examples

  • The monetary unit helps people compare prices across places.
  • A monetary unit can change when the government updates its system.