Gold standard: Difference between revisions
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imported>Doug Williamson (Add second definition. Source: https://dictionary.cambridge.org/dictionary/english/gold-standard) |
imported>Doug Williamson (Edit 2nd definition.) |
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An example of something that is very good that is used | An example of something that is very good that is used as a measure of how good other things are. | ||
Revision as of 15:19, 11 December 2019
1.
A monetary agreement under which national currencies were backed by gold, and gold was used for international payments.
Most countries abandoned the gold standard for their currencies during the 20th century.
2.
An example of something that is very good that is used as a measure of how good other things are.
See also
Other links
Currency wars and the fall of empires www.pieria.co.uk
