Let M q (n) be the standard quantized matrix algebra, introduced by Faddeev, Reshetikhin, and Takhtajan. It is shown, by constructing an appropriate monomial ordering ≺ on its PBW K-basis B , that M q (n) is a solvable polynomial algebra. Consequently, further structural properties of M q (n) and their modules may be established and realized in a constructivecomputational way.