gold certificate


: a paper certificate issued by a public treasury against deposited gold
specifically : a certificate first issued in 1934 by the U.S. Treasury to be held only by Federal Reserve banks and exchanged under treasury license for gold at the rate prevailing at the time of exchange compare gold bullion standard, gold standard, managed currency, silver certificate

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Dictionary Entries Near gold certificate

Cite this Entry

“Gold certificate.” Dictionary, Merriam-Webster, Accessed 31 May. 2023.

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