Gold standard

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Revision as of 15:19, 11 December 2019 by imported>Doug Williamson (Edit 2nd definition.)
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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