For ease of computation, this same sign method actually estimates the set of x values, [xL, xU], corresponding to the linear range. This set of x values will be called the linear domain.
monetary system noun [C]. âº the âsystem used by a âcountry to âprovide âmoney and to âcontrol the âexchange of âmoney. (Definition of monetary system from the Cambridge Advanced Learners Dictionary & Thesaurus Â© Cambridge University Press).
A more general definition is that a currency is a system of money (monetary units) in common use, especially in a nation.Under this definition, British pounds, U.S. dollars, and European euros are examples of currency.These various currencies are stores of value, and are traded between nations in foreign exchange markets, which determine the relative values of the different currencies.ther definitions of the term currency are discussed in their respective synonymous articles banknote, coin, and money. The latter definition, pertaining to the currency systems of nations, is the topic of this article.