Definitions and Examples of banking, financial, monetary
Learn when and how to use these words with these examples!
The business of operating a bank or banks.
Example
She works in banking and handles customer accounts.
Relating to money or the management of money.
Example
The company's financial situation improved after they received a large investment.
Relating to money or currency.
Example
The government implemented a new monetary policy to stabilize the economy.
Key Differences: banking vs financial vs monetary
- 1Banking refers specifically to the business of operating a bank or banks.
- 2Financial is a broader term that encompasses all aspects of money management.
- 3Monetary is a more technical term that relates specifically to money or currency.
Effective Usage of banking, financial, monetary
- 1Business: Use banking to refer to the operations of a bank or financial institution.
- 2Personal Finance: Use financial to discuss personal money management or investments.
- 3Economics: Use monetary to discuss government policies related to money and currency.
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Remember this!
The antonyms of nonbank are banking, financial, and monetary. These words have distinct meanings and can be used in different contexts. Use banking to refer to the operations of a bank, financial to discuss personal money management, and monetary to discuss government policies related to money and currency.
