numéraire

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English[edit]

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Wikipedia

Etymology[edit]

From French numéraire.

Noun[edit]

numéraire (plural numéraires)

  1. a basic standard by which values are measured
    Acting as the numéraire is one of the functions of money: to measure the worth of different goods and services relative to one another. "Numéraire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant [1]

French[edit]

Pronunciation[edit]

Noun[edit]

numéraire m

  1. currency (money or other item used to facilitate transactions)

External links[edit]