Monetary vs. Monetarily — What's the Difference?
By Fiza Rafique & Urooj Arif — Updated on March 26, 2024
"Monetary" is an adjective describing things related to money or currency, while "monetarily" is an adverb modifying how something is done in terms of money.
Difference Between Monetary and Monetarily
Table of Contents
ADVERTISEMENT
Key Differences
Monetary refers to anything pertaining to money, encompassing policies, systems, or units dealing with the medium of exchange in an economy. It's commonly used to discuss financial matters, such as monetary policy, monetary value, or monetary systems, focusing on the role and management of money in economic activities. On the other hand, monetarily modifies actions or processes, describing how they are conducted from a financial perspective. It often appears in discussions about how decisions are made or actions are taken regarding financial implications, as in "monetarily beneficial" or "monetarily driven decisions."
While "monetary" is used to qualify subjects related to money, highlighting their nature, scope, or function within the financial realm, "monetarily" is applied to verbs to express the manner in which something is affected by or affects finances. For example, a "monetary analysis" examines the financial aspects of a situation, whereas something that impacts a project "monetarily" influences its financial health or status.
Monetary aspects are crucial in the formulation of policies by governments and financial institutions, aiming to control aspects like inflation, currency value, and economic growth. In contrast, assessing something monetarily involves evaluating its financial implications or contributions, such as monetarily assessing the benefits of an investment.
The distinction between the two is essential in financial discourse, allowing for precise communication regarding whether the subject matter (monetary) or the mode of action (monetarily) is being addressed. This clarity helps in various contexts, from academic discussions about economic theory to practical considerations in business and personal finance.
Monetary systems and policies are foundational to the operation of modern economies, dictating how money is created, valued, and exchanged. Meanwhile, monetarily evaluates or influences decisions and actions, guiding individuals and organizations in their financial behavior and strategies, often in pursuit of maximizing economic outcomes or benefits.
ADVERTISEMENT
Comparison Chart
Part of Speech
Adjective
Adverb
Describes
Pertaining to money or financial systems.
The financial manner or impact of an action.
Usage
Qualifies nouns (e.g., monetary policy).
Modifies verbs, adjectives, or other adverbs.
Contexts
Economic theories, financial policies.
Evaluations of financial implications, decisions.
Examples
"Monetary measures to control inflation."
"The project is monetarily advantageous."
Compare with Definitions
Monetary
Relating to money or currency.
The government introduced new monetary regulations.
Monetarily
From a financial perspective.
Monetarily speaking, the investment was sound.
Monetary
Pertaining to financial matters.
They discussed the monetary aspects of the merger.
Monetarily
With respect to financial benefits.
The project was monetarily beneficial.
Monetary
Concerned with the management of money, especially by a government.
Monetary policy aims to stabilize the economy.
Monetarily
Pertaining to financial considerations.
They were monetarily compensated for their loss.
Monetary
Involving the monetary system in an economy.
Monetary reforms were implemented to curb inflation.
Monetarily
In a manner relating to money.
The company is monetarily stronger this quarter.
Monetary
Related to the money supply or demand.
The monetary base expanded significantly last year.
Monetarily
Regarding the economic impact.
The decision was monetarily justified.
Monetary
Relating to money or currency
Documents with little or no monetary value
Monetarily
Of or relating to money.
Monetary
Of or relating to money.
Monetarily
Of or relating to a nation's currency or coinage.
Monetary
Of or relating to a nation's currency or coinage.
Monetarily
In a monetary sense; in terms of money
Monetary
Of, pertaining to, or consisting of money.
Although of little monetary value, Rosie treasured her late grandfather's old hunting gear.
Monetary
Of or pertaining to money, or consisting of money; pecuniary.
Monetary
Relating to or involving money;
Monetary rewards
He received thanks but no pecuniary compensation for his services
Common Curiosities
How is "monetarily" used in a sentence?
"Monetarily" is used to describe the financial manner or impact of actions, decisions, or outcomes.
Can a decision be both monetary and monetarily significant?
Yes, a decision can be monetary in its subject matter (relating to financial systems or policies) and monetarily significant in its financial impact or manner.
Why is the distinction between "monetary" and "monetarily" important?
It clarifies whether the discussion is about financial subjects (monetary) or the financial impact or method of something (monetarily), enhancing precision in communication.
What is a monetary policy?
A monetary policy is a government or central bank's strategy to control the supply of money and interest rates in an economy.
How does something affect a project monetarily?
It affects the project in terms of financial outcome, such as cost savings, revenue generation, or investment returns.
What does "monetary" mean?
"Monetary" describes anything related to money, including systems, policies, or values.
What does it mean to evaluate something monetarily?
It means to assess the financial aspects or implications of an action, decision, or policy.
What are monetary measures?
Monetary measures are steps taken by authorities to influence a country's economic activity through changes in the money supply or interest rates.
Can a policy be monetarily advantageous?
Yes, if the policy results in favorable financial outcomes, it can be described as monetarily advantageous.
How do monetary systems affect economies?
Monetary systems regulate the flow of money, influencing inflation, employment, and overall economic stability.
Share Your Discovery
Previous Comparison
Commentator vs. Commenter
Next Comparison
Metre vs. MeterAuthor Spotlight
Written by
Fiza RafiqueFiza Rafique is a skilled content writer at AskDifference.com, where she meticulously refines and enhances written pieces. Drawing from her vast editorial expertise, Fiza ensures clarity, accuracy, and precision in every article. Passionate about language, she continually seeks to elevate the quality of content for readers worldwide.
Co-written by
Urooj ArifUrooj is a skilled content writer at Ask Difference, known for her exceptional ability to simplify complex topics into engaging and informative content. With a passion for research and a flair for clear, concise writing, she consistently delivers articles that resonate with our diverse audience.
