📖 Definitions of "Numeraire"
noun
- 1
A basic standard by which values are measured
"Acting as the numéraire is one of the functions of money: to measure the worth of different goods and services relative to one another. "Numéraire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant http//en.wikipedia.org/wiki/Numeraire"
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