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 ?
For more information about the CEO Cancer Gold Standard, please visit www.cancergoldstandard.org.
Labour's policy of remaining on the Gold Standard 1929-31 was a continuation of the Conservative policy of the previous Baldwin government, whose Chancellor had been Winston Churchill.
It's high time newspaper industry leaders sit down with their counterparts in advertising and media metrics and forge a new gold standard.
Tricorona's biomass power plant Sri Balaji in Andhra Pradesh, India has Gold Standard certification for CDM, approved by the United Nations (UN).
The national Gold Standards Framework For Care Homes training programme (GSFCH) aims for 'gold' standard care to be provided.
De facto gold standard (May 1821 to 0.0202 0.0163 December 1861) 2a.
Another gold standard allows for a specific amount of gold to be used as standard unit of account for settling terms of trade and so on.
ROBERT ZOELLICK, THE PRESIdent of the World Bank, recently suggested that leading economies consider adopting a diluted gold standard (under which currencies are pegged to the price of gold) to help moderate international currency fluctuations.
Although booms and busts are still possible under a gold standard, they are kept under tighter control.
The period was "from 1880 to 1914, known as the heyday of the Gold Standard," and the description comes from Michael Bordo, now professor of economics at Rutgers University, then writing for the&nbsp;<a href="http://research.stlouisfed.org/publications/review/81/05/Classical_May1981.pdf" target="_blank">St.Louis Fed</a>&nbsp;in 1981.<br /><br />Was the Gold Standard to thank for such felicitous economic conditions?
AN award-winning care organisation is the first in Wales to implement a groundbreaking "gold standard".
The world needs to and will most certainly move to a gold standard and Zimbabwe must lead the way." The huge budget deficits accumulated by the United States are leading to a resistance to relying on the U.S.