A monetary system is a set of policy tools and institutions through which a government provides money and controls the money supply in an economy.
Read more about Monetary System: Commodity Money System, Fiat Money
Famous quotes containing the words monetary and/or system:
“In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.”
—Ezra Pound (1885–1972)
“Such is the remorseless progression of human society, shedding lives and souls as it goes on its way. It is an ocean into which men sink who have been cast out by the law and consigned, with help most cruelly withheld, to moral death. The sea is the pitiless social darkness into which the penal system casts those it has condemned, an unfathomable waste of misery. The human soul, lost in those depths, may become a corpse. Who shall revive it?”
—Victor Hugo (1802–1885)