GOLD STANDARD
gold standard.A monetary system in which currency is convertible into its legal equivalent in
gold or gold coin. • The United States adopted the gold standard in 1900 and abandoned it in 1934.
Cf. PAPER STANDARD. [Blacks Law 8th]
gold standard.A monetary system in which currency is convertible into its legal equivalent in
gold or gold coin. • The United States adopted the gold standard in 1900 and abandoned it in 1934.
Cf. PAPER STANDARD. [Blacks Law 8th]