GOLD STANDARD


Meaning of GOLD STANDARD in English

[gold standard] n (1831): a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usu. characterized by the coinage and circulation of gold, unrestricted convertibility of other money into gold, and the free export and import of gold for the settlement of international obligations

Merriam-Webster English vocab.      Английский словарь Merriam Webster.