Monetary Monetary is from money.
Monitory Monitory is from monitor.
The former means 'relating to money' and the latter means 'giving warning or admonition'.
Sample Usage
Monetary 1. Monetary motives should not guide us always. 2. Monetary rewards 3. Monetary problems.
Monitory 1. I did not neglect the monitory advices of my friend. 2. Shook a monitory finger at him.
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