Monetary System

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:

    “There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
    —William Howard Taft (1857–1930)

    “We now come to the grand law of the system in which we are placed, as it has been developed by the experience of our race, and that, in one word, is SACRIFICE!”
    —Catherine E. Beecher (1800–1878)