Definition of Bimetalism

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TeachMeFinance.com - explain Bimetalism




historic definition...

Bimetalism -- The free and unlimited coinage (at an established ratio) of both gold and silver into coins of full debt paying power; not the mere use of the double standard, but the existence of mints open for the coinage of both metals on terms of defined equality.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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