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Gold standard

A monetary system where the value of circulating money is linked to the value of gold.

📖 Definitions of "Gold standard"

noun
  1. 1

    A monetary system where the value of circulating money is linked to the value of gold.

  2. 2

    A test or measure of comparison that is considered ultimate or ideal.

    "The OED is the gold standard for English dictionaries."

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