What is another word for fractional monetary unit?
Pronunciation: [fɹˈakʃənə͡l mˈʌnɪtəɹi jˈuːnɪt] (IPA) 
Fractional monetary unit refers to a basic unit of money in a currency system that represents a fraction of the currency's standard unit. Some of the synonyms for fractional monetary unit include cent, paisa, pence, kobo, fen, satang, and grosz. The term cent is used to describe the fractional unit of many currencies, including the USD, CAD, and EUR. Paisa and pence are commonly used in India and the UK respectively. Kobo is a Nigerian term, while fen refers to the Chinese yuan's fractional unit. Satang is used in Thailand, and grosz describes the fractional unit of the Polish zloty. Synonyms for fractional monetary unit are important in cross-currency transactions and trade, ensuring accurate conversions between different currencies.
