2.) An adjective describing an already established form of government.
3.) An absolutely fabricated term coming from the depraved mind of Professor John Ott.
Max--"The levels of simony that were prevalent during the reign of the 'Renaissance Popes’ is indicative of a highly intricate monetocracy which closely resembles that of Thailand in structure and form of rule!"
Craig--"You're a nerd..."
Max--"We really need to vote Nader in before we fully metamorphosize into a monetocratic republic!"
Craig--"We're not friends anymore."
Craig--"I'm pretty sure Ott just used his depraved mind to fabricate that word homey"
Max--"You're a douche..."
Political systems are defined by the means by which one can participate in them. Thus a system where the most important element of political participation is money, the system is a Monetocracy.