monetary standard

monetary standard definition - business

monetary standard

The backing, if any, of a country's currency. A gold standard means a country issues gold coins and paper notes that can be exchanged for gold. The United States was once on the silver and gold standard.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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