fractional monetary unit (Meaning)
Wordnet
fractional monetary unit (n)
a monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unit
Synonyms & Antonyms of fractional monetary unit
No Synonyms and anytonyms found
fractional monetary unit Sentence Examples
- The fractional monetary unit of the United Kingdom is the pence, representing one hundredth of a pound.
- In Japan, the fractional monetary unit is the sen, which is one hundredth of a yen.
- The eurozone uses the cent as its fractional monetary unit, equivalent to one hundredth of a euro.
- Fractional monetary units allow for greater precision in financial transactions.
- The value of a fractional monetary unit fluctuates with the value of its parent currency.
- Some countries have abolished fractional monetary units due to their diminishing purchasing power.
- The fractional monetary unit can be used to indicate small amounts of money or to compare prices.
- Central banks are responsible for managing the supply and value of fractional monetary units.
- The fractional monetary unit is a convenient way to express fractions of currency values.
- Fractional monetary units play a significant role in the functioning of modern financial systems.
FAQs About the word fractional monetary unit
a monetary unit that is valued at a fraction (usually one hundredth) of the basic monetary unit
No synonyms found.
No antonyms found.
The fractional monetary unit of the United Kingdom is the pence, representing one hundredth of a pound.
In Japan, the fractional monetary unit is the sen, which is one hundredth of a yen.
The eurozone uses the cent as its fractional monetary unit, equivalent to one hundredth of a euro.
Fractional monetary units allow for greater precision in financial transactions.
