Bimetallism

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Bimetallism

A monetary system in which a currency is exchangeable for a certain amount of either gold or silver. Bimetallism establishes a fixed exchange rate between gold and silver. As with other hard money systems, bimetallism can be unstable, as currency may be hoarded when the supply and demand of either gold or silver exceeds the stated value of the currency. Proponents of bimetallism opposed the gold standard because they believed it to be excessively deflationary. This was a subject of intense debate in the late 19th century in the United States.
References in periodicals archive ?
Caption: FIGURE 2: Compounds with Rh: (c) neutral monometallic, (d) monometallic monoanion, and (e) bimetallic systems with L = bipy and R = C[H.sub.3].
ceased to be on a bimetallic system. Instead, during the "greenback" era from 1862 to 1879, the government issued an inconvertible paper currency called the "greenback." It was legal tender just like coins.
From experimental test it was found that neither Cu nor Ag alone gives any catalytic activity in these reactions; however in presence of Ni as a bimetallic system they could enhance the catalytic activity.