gold-exchange standard

noun

Definition of gold-exchange standard

: a monetary standard under which gold does not circulate domestically and international debts are settled primarily in currency of nations that maintain a gold and especially a gold bullion standard

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Cite this Entry

“Gold-exchange standard.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/gold-exchange%20standard. Accessed 15 Jan. 2021.

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