Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference
Add the QFINANCE search widget to your website

Home > QFINANCE Dictionary > Definition of monetary unit

Definition of

monetary unit

Currency & Exchange

standard unit of nation's currency the standard unit of a country's currency, such as the dollar in the United States, the pound sterling in the United Kingdom, or the euro in many other countries of the European Union

Recommended Further Reading (Term count)
  • Weighted Average Cost of Capital
    The weighted average cost of capital (WACC) is the rate of return that the providers of a company’s capital require, weighted according to the proportion each element bears to the total pool of capital.
  • Best-Practice Working Capital Management: Techniques for Optimizing Inventories, Receivables, and Payables
    by Patrick Buchmann, Udo Jung
    Many companies still underestimate the importance of working capital management as a lever for freeing up cash from inventory, accounts receivable, and accounts payable. By effectively managing these components, companies can sharply reduce their dependence on outside funding and can use the released cash for further investments or acquisitions. This will not only lead to more financial flexibility, but also create value and have a strong impact...
monetary unit - Related Articles
  • United Kingdom

    QFINANCE Country Profiles

    The United Kingdom is the fifth-largest economy in the world, with a forecast GDP of US$2.8 trillion in 2008. This highly developed, diversified, market-based economy has extensive social welfare services, and is a leading trading power and financial center.

  • United States of America

    QFINANCE Country Profiles

    The past 12 months have seen the United States fighting against the adverse financial conditions that first hit the global economy in 2007. The period has been characterized by aggressive fiscal and monetary easing.

More

Definitions of ’monetary unit’ and meaning of ’monetary unit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’monetary unit’ and other financial terms with our online QFINANCE Financial Dictionary.

Back to top