gold bullion standard

noun

: a gold standard under which the coinage and circulation of gold is usually prohibited but the shipment of gold in international transactions is permitted and a gold bullion reserve is maintained as a support for the currency

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Cite this Entry

“Gold bullion standard.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gold%20bullion%20standard. Accessed 13 Jul. 2024.

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