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   Gold stand·ard

   /ˌɡōl(d) ˈstandərd/

   

   noun

   • 1. the system by which the value of a currency was defined in terms of gold, for which the currency could be exchanged. The gold standard was generally abandoned in the Depression of the 1930s.
   • ▪ the best, most reliable, or most prestigious thing of its type: "you can't rely on lab tests as being the gold standard"

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