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- DictionaryGold 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.
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The meaning of GOLD STANDARD is a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usually characterized by the coinage and circulation of gold, unrestricted convertibility of other money into gold, and the free export and import of gold for settling of international obligations.
Aug 25, 2022 · The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to...
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold.
Aug 9, 2024 · The gold standard is a monetary system in which a currency's value is pegged to gold. England was the first country to officially implement the gold standard, coinciding...
Feb 26, 2024 · The gold standard was a monetary system in which most of the world’s countries fixed their currency to the value of gold. Learn about its history here. Read on for our review and learn what Is the Gold Standard.
Aug 6, 2024 · The meaning of THE GOLD STANDARD is a system in which a unit of money (such as the dollar) is equal to a particular amount of gold. How to use the gold standard in a sentence.
The Gold Standard is a monetary system in which the value of a country's currency is directly linked to a specific amount of gold. The currency can be exchanged for a set quantity of gold, making gold the basis of the monetary system.
Oct 1, 2019 · What is the Gold Standard? The gold standard is a monetary system in which the representative currency is based on a fixed amount of gold held by the central government.
gold standard, Monetary system in which the standard unit of currency is a fixed quantity of gold or is freely convertible into gold at a fixed price. The gold standard was first adopted in Britain in 1821.
GOLD STANDARD definition: 1. a system of providing and controlling the exchange of money in a country, in which the value of…. Learn more.
