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gold standard
(redirected from Gold standards)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Gold Standard
A monetary system in which a country's currency unit is freely convertible into fixed amounts of gold.

Notes:
The gold standard has lost its popularity. The U.K. was taken off in 1931, and the U.S. was taken off in 1971.


Gold standard
An international monetary system in which currencies are defined in terms of their gold content, and payment imbalances between countries are settled in gold. It was in effect from about 1870 to 1914.

gold standard
A monetary system under which a country's money is defined in terms of gold and convertible into a fixed quantity of gold. A gold standard effectively takes monetary policy out of the hands of government policymakers. While use of the gold standard reduces the likelihood of inflation, the accompanying inability to pursue other economic goals, such as full employment or reduced interest rates, has resulted in the gold standard's fall from favor.

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A fantastic collection of torchy, rocking and even Memphis-style soulful country duets, the first record by longtime songwriting partners Cary and Cockrell evokes genre gold standards as diverse as Conway and Loretta and Gram and Emmylou.
Whether you are a current FFA member, a former member or just interested in agriculture, Blue Jackets: Gold Standards offers a most interesting journey into FFA and the opportunities afforded through agricultural education.
That's why all gold standards deteriorate into credit standards, and that's why you can't really have an hones-to-God gold standard.
 
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