gold standard

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gold standard

n.
1. A monetary standard under which the basic unit of currency is equal in value to and exchangeable for a specified amount of gold.
2. A model of excellence; a paragon: "Several generations of the laser have been widely available in Europe; the FDA approved the one now considered the gold standard" (Daniel Goleman).

gold standard

n
1. (Economics) a monetary system in which the unit of currency is defined with reference to gold
2. the supreme example of something against which others are judged or measured: the current gold standard for breast cancer detection.

gold′ stand`ard


n.
a monetary system with gold of specified weight and fineness as the unit of value.
[1825–35, Amer.]

gold standard

A system in which the value of a currency is legally fixed in terms of how much gold it is worth.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.gold standard - a monetary standard under which the basic unit of currency is defined by a stated quantity of goldgold standard - a monetary standard under which the basic unit of currency is defined by a stated quantity of gold
monetary standard, standard - the value behind the money in a monetary system
2.gold standard - a paragon of excellence; "academic education is the gold standard against which other educational activity is pejoratively judged"
beau ideal, paragon, perfection, idol - an ideal instance; a perfect embodiment of a concept
Translations

gold standard

ntallone m aureo
References in periodicals archive ?
In that article, Friedman argued that versions of the gold standard erected after 1914, if not some earlier ones, were "pseudo" gold standards, differing from "real" ones in dispensing with actual gold coins and allowing monetary authorities to sterilize international gold movements, instead of letting those movements automatically regulate national money stocks.
unilaterally adopting gold standards in the 1870s," the mechanics of which "were primarily the resultants of private transactions in the markets for goods and money" (see also Gallarotti 1995).
The Gold Standards Framework was originally created for palliative care for cancer patients.
FOUR local care homes are among the first in the country to receive a gold standard of care accreditation.
That's why all gold standards deteriorate into credit standards, and that's why you can't really have an hones-to-God gold standard.
Business people typically view historical gold standards with nostalgia and believe that their activities would be enhanced under such systems.
1991) that Barry Eichengreen's Golden Fetters, a history of the interaction between the gold standard and macroeconomic stability in the interwar period, is "a brilliant new book.