The phrase "monetary equivalent" is correct and commonly used in written English.
You can use it when referring to something that has a specific value in terms of money. For example: - The damage to the car was estimated at $500, but the insurance company offered a monetary equivalent of $300. - The company offered a gift card as a monetary equivalent for the cancelled flight. - The value of the product was calculated to be $50, but the store gave me a monetary equivalent of $30 in store credit.
The monetary equivalent value for each of the sub-components of brand equity is calculated.
Forecasting a recovery for the euro has thus far been the monetary equivalent of waiting for Godot.
Defying predictions that it would create the monetary equivalent of Airbus's rivalry with Boeing, the currency has not eroded the global dominance of the American dollar.
[J]ust compensation means the full monetary equivalent of the property taken. United States v. Reynolds, 397 U.S. 14, 16 (1970).
The Canadian, lured by the British government as the monetary equivalent of Lionel Messi joining Manchester United, has unveiled his policy of forward guidance.
Currently, the bonus does not kick in until more than the monetary equivalent of four fares is placed on a pay-per-ride card.
The monetary equivalents of a chip for the bargaining parties can be equal (no competing rewards) or different (competing rewards).
By and large, though, these tools for fiscal credibility have been less well developed, less widely adopted and generally less effective than their monetary equivalents.
The scholars observe that the policy affected the likelihood of making or receiving informal transfers and their monetary equivalents.
And, increasingly, scholars argue for the policy relevance of happiness data: in particular, as a basis for calculating aggregates such as "gross national happiness," or for calculating monetary equivalents for non-market goods based on coefficients in a happiness equation.
The monetary equivalents of these lost times were estimated using the rates currently paid in the localities for daily laborers from qualitative data.
