The MONITOR USAGE privilege is specifically designed to grant non-ACCOUNTADMIN roles the ability to view billing and usage information in Snowflake. According to Snowflake documentation and community consensus, this privilege enables monitoring of account-level usage and historical information for databases and warehouses, including access to billing history in the Classic Console. The other options are incorrect: OPERATE is for managing warehouses, OWNERSHIP is for full control over objects, and USAGE alone is insufficient for billing access as it only grants basic usage rights without the monitoring capabilities needed for billing information.