GOLDSTANDARD

Gold standard

A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.

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gold standard

Noun

  1. A monetary system where the value of circulating money is linked to the value of gold.
  2. A test or measure of comparison that is considered ultimate or ideal.
    The OED is the gold standard for English dictionaries. Everyone wants to see how their version measures up to that ideal.


The above text is a snippet from Wiktionary: gold standard
and as such is available under the Creative Commons Attribution/Share-Alike License.

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