Complete Definition of "gold standard"

English
wikipedia

Noun
gold standard

#A monetary system where the value of circulating money is linked to the value of gold.
#*2002, Philip Ball, The Elements: A Very Short Introduction, Oxford 2004, p. 57
#*:In countries that accepted the gold standard, currency could be exchanged at a bank for a fixed weight of gold.
#idiom A test or measure of comparison that is considered ultimate or ideal.
#:The OED is the gold standard for English dictionaries. Everyone wants to see how their version measures up to that ideal.

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