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单词 monetary compensatory amount
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monetary compensatory amount
monetary compensatory amount n. Economics (now historical) a subsidy or tax formerly used to compensate for the gap between the fluctuating general exchange rate and the fixed exchange rates used in agricultural trade between countries of the European Community (cf. green pound n. at green adj. and n.1 Compounds 1d(a)); abbreviated MCA.
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1973 Times 25 Jan. 4/7 Sterling will be provisionally fixed at a devaluation parity rate of 9.2 per cent against the dollar. This figure..will simplify the work of agricultural authorities in calculating monetary compensatory amounts.
1992 Jrnl. Econ. Perspectives 6 9 Types of trade barriers..targeted for elimination... Fiscal barriers, such as taxes and subsidies on agricultural trade (known under the euphemism Monetary Compensatory Amounts).
extracted from monetaryadj.
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