Gold standard: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Distinguish from fiat currencies.) |
imported>Doug Williamson (Add link.) |
||
| Line 20: | Line 20: | ||
* [[Fiat currency]] | * [[Fiat currency]] | ||
* [[Foreign exchange]] | * [[Foreign exchange]] | ||
* [[Gold-plating]] | |||
* [[Hard money]] | * [[Hard money]] | ||
* [[Money]] | * [[Money]] | ||
Revision as of 04:46, 11 July 2021
1. Currencies - hard money - fiat currencies.
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.
Fiat currencies are the - almost universal - alternative.
2. Standard of excellence.
A gold standard is an example of something that is very good that is used as a measure of how good other things are.
Many providers say that their own offerings are the "gold standard" in their field.
