gold standard

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See also: Goldstandard

English[edit]

Pronunciation[edit]

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Noun[edit]

gold standard (plural gold standards)

  1. (economics) 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.
  2. (figuratively) A test or measure of comparison that is considered ultimate or ideal.
    The OED is the gold standard for English dictionaries.

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