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).
Monetary base. Definition: Sum of the currency held by the public and reserves held by financial institutions with the Federal Reserve Banks. This is the monetary aggregate that the Federal Reserve has control over through its monetary policy. Also called High Powered Money because the effect of changes in monetary base on money supply is magnified by the money multiplier.