monetary standard

/ˌmɑnəˈtɛri ˌstændərd/
IPA guide

Other forms: monetary standards

Definitions of monetary standard
  1. noun
    the value behind the money in a monetary system
    synonyms: standard
    see moresee less
    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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