Meaning Of The Word Gold standard

Real Dictionary

What's the definition of Gold standard? Find Gold standard meanings, definitions and more at the Real Dictionary online.

Gold standard Meaning

Gold standard Definition
Gold standard Definition

What's The Definition Of Gold standard?

gold standard in American English
a monetary standard solely in terms of gold, in which the basic currency unit is made equal to and redeemable by a specified quantity of gold
noun: a monetary system with gold of specified weight and fineness as the unit of value

gold standard in British English
noun: a former monetary system in which the unit of currency was defined with reference to gold, for which the currency could be exchanged; the gold standard was adopted by many countries, including Britain, in the 19th century but most abandoned the system dur

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