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gold standard

noun

Definition of gold standard

  1. 1 :  a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usually characterized by the coinage and circulation of gold, unrestricted convertibility of other money into gold, and the free export and import of gold for settling of international obligations

  2. 2 :  benchmark 2b



Examples of gold standard

  1. <the gold standard for accurate experimental procedures is the double-blind medication trial>



1831

First Known Use of gold standard

1831


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