definition of gold standard
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Translations for Gold Standard Princeton's WordNet (0.00 / 0 votes) Rate this definition: gold standard (noun) a monetary standard under which the basic unit of currency is defined by a stated quantity of gold. gold standard (noun) a paragon of excellence academic education is the gold standard against which other educational activity is pejoratively judged
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Gold Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits.
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Gold standard 1 The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange.n 1898, British India pegged the silver rupee to the pound sterling at a fixed rate of 1s 4d, while in 1906, the Straits Settlements adopted a gold exchange standard against sterling, fixing the silver Straits dollar at 2s 4d.
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Monetary Units of the Countries of the World Monetary Units of the Countries of the World. Monetary Units of the Countries of the World. a price standard that is established by a country’s legislation and represents a set weight quantity of gold. Table 1 gives data on the existing monetary units in most of the countries of the world.
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DEFINITION of 'Standard of Value' Standard of Value. DEFINITION of 'Standard of Value'. An agreed-upon value for a transaction in a country's medium of exchange, such as the dollar or peso. A standard of value allows all merchants and economic entities to set uniform prices for goods and services. This standard is necessary in order to maintain a stable economy.
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standard Standard means usual or common. An example of standard is the common greeting in a particular culture. The definition of a standard is something established as a rule, example or basis of comparison. An example of standard is a guideline governing what students must learn in the 7th grade. An example of standard is a piece of music that continues to be played throughout the years.
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standard 8. (Economics) the commodity or commodities in which is stated the value of a basic monetary unit: the gold standard. 9. (Units) an authorized model of a unit of measure or weight. 10. (Units) a unit of board measure equal to 1980 board feet.
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Gold Standard The period from 1880 to 1914 is known as the classical gold standard. During that time, the majority of countries adhered (in varying degrees) to gold. It was also a period of unprecedented economic growth with relatively free trade in goods, labor, and capital.
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Why Did the U.S. Abandon the Gold Standard? It’s a monetary system that directly links a currency’s value to that of gold. A country on the gold standard cannot increase the amount of money in circulation without also increasing its gold reserves.
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- Freebase(0.00 / 0 votes)Rate this definition: Gold, also called golden, is one of a variety of yellow-brown color blends used to give the impression of the color of the element gold. The web color gold is sometimes referred to as golden to distinguish it from the color metallic gold.
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gold standard 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).
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Gold Standard But periodic surges in the world’s gold stock, such as the gold discoveries in Australia and California around 1850, caused price levels to be very unstable in the short run. The gold standard was also an international standard determining the value of a country’s currency in terms of other countries’ currencies. Because adherents to the standard maintained a fixed price for gold, rates of exchange between currencies tied to gold were necessarily fixed.
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- The daughter of television actor Jerry Van Dyke, apparently upset over marital problems, killed herself in her North Hollywood apartment, Los Angeles police said Monday. A friend found the body of Kelly Jean Van Dyke-Nance, 33, hanging in her bedroom about 5 p.m. Sunday, said Detective Mike Coffey.
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Abandonment of Gold Standard during Inter-War Period Abandonment of Gold Standard during Inter-War Period. As explained in The Gold Standard during the Inter-War Period, most countries returned to the gold standard after World War I, implying that the countries maintained a stable exchange rate with gold and guaranteed currency convertibility with gold.
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gold standard Definition of gold standard 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
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Gold standard Most nations abandoned the gold standard as the basis of their monetary systems at some point in the 20th century, although many hold substantial gold reserves. An estimated total of 174,100 tonnes of gold have been mined in human history, according to GFMS as of 2012.
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- What is a gold standard? A gold standard is a monetary system where gold is used to measure the value of goods, services or investments in an economy. Printed money is used as legal tender where it has an equivalent value of gold upon demand.
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Gold standard Bernanke, Ben, and Harold James, The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison, in R. Glenn Hubbard, Financial Markets and Financial Crises, Chicago: University of Chicago Press for NBER, 1991.
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Gold standard 1 The main feature of the gold exchange standard is that the government guarantees a fixed exchange rate to the currency of another country that uses a gold standard (specie or bullion), regardless of what type of notes or coins are used as a means of exchange.
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- The gold bullion standard is a system in which gold coins do not circulate, but the authorities agree to sell gold bullion on demand at a fixed price in exchange for the circulating currency. The gold exchange standard usually does not involve the circulation of gold coins.
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standard standard. n. 1. an accepted or approved example of something against which others are judged or measured. 2. (often plural) a principle of propriety, honesty, and integrity: she has no standards. 3. a level of excellence or quality: a low standard of living.
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History of the Gold Standard Once the gold standard was dropped, countries began printing more of their own currency. Inflation usually resulted, but for the most part abandoning the gold standard created more economic growth. But gold has never lost its appeal as an asset of real value. Whenever a recession or inflation looms, investors return to gold as a safe haven.
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gold Definition of GOLD for Kids. 1. : a soft yellow metallic chemical element used especially in coins and jewelry. 2. : gold coins. 3. : a medal awarded as the first prize in a competition. 4.: a deep yellow.efinition of GOLD for Kids. 1. : a soft yellow metallic chemical element used especially in coins and jewelry. 2. : gold coins. 3. : a medal awarded as the first prize in a competition. 4. : a deep yellow.
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- The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress passed the Gold Standard Act. In 1834, the United States fixed the price of gold at $20.67 per ounce, where it remained until 1933.
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Gold Standard The United States, though formally on a bimetallic (gold and silver) standard, switched to gold de facto in 1834 and de jure in 1900 when Congress passed the Gold Standard Act. In 1834, the United States fixed the price of gold at $20.67 per ounce, where it remained until 1933. Other major countries joined the gold standard in the 1870s. The period from 1880 to 1914 is known as the classical gold standard. During that time, the majority of countries adhered (in varying degrees) to gold.
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Gold Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable and ductile metal.Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions.old's most stable isomer is 198m2 Au with a half-life of 2.27 days. Gold's least stable isomer is 177m2 Au with a half-life of only 7 ns. 184m1 Au has three decay paths: β + decay, isomeric transition, and alpha decay. No other isomer or isotope of gold has three decay paths.