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monetary standard

DEFINITIONS OF: monetary standard

1

n the value behind the money in a monetary system

Synonyms:
standard
Types:
gold standard
a monetary standard under which the basic unit of currency is defined by a stated quantity of gold
silver standard
a monetary standard under which the basic unit of currency is defined by a stated quantity of silver
bimetallism
a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio
Type of:
value
the quality (positive or negative) that renders something desirable or valuable
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