Definition of Gold Standard

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TeachMeFinance.com - explain Gold Standard



Gold standard -- A monetary system in which currencies are defined in terms of a given weight of gold.

another definition...

Gold Standard -- A monetary system whereby every form of currency issued by a country is convertible on demand into its legal equivalent in gold or gold coin



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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