Gold standard and Gone concern: Difference between pages

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1. ''Currencies - hard money - fiat currencies.''
A basis of valuation or other financial assessment, which assumes discontinuance of the bank (or other undertaking) being assessed.


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.
:<span style="color:#4B0082">'''''Pearson sets gold standard - ACT'''''</span>
:"In issuing the first-ever social bond with a specific focus on education, Pearson has set a gold standard for other major corporates to follow."
:''ACT Deals of the Year Awards 2020 - Pearson''


== See also ==


In the example above, a third party has accorded the description "gold standard" to Pearson's bond issue.
*[[Going concern]]
 
*[[GCLAC]]
However, many providers are apt say that their own offerings are the gold standard in their field.
 
 
== See also ==
* [[Bretton Woods]]
* [[Cryptocurrency]]
* [[Fiat currency]]
* [[Foreign exchange]]
* [[Gold-plating]]
* [[Hard money]]
* [[Money]]
* [[Pound]]
* [[Social bond]]
* [[Third party]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Financial_products_and_markets]]

Revision as of 23:10, 11 November 2013

A basis of valuation or other financial assessment, which assumes discontinuance of the bank (or other undertaking) being assessed.


See also