TeachMeFinance.com - explain Standard
Standard -- In its relation to money standard means the
measure or basis of value.
A country where gold alone is by law the basis of value has
a single standard ; where silver alone is by law the basis of
value the country has a single standard. Where both gold
and silver are used, the one in fixed proportion to the other,
the country has a double standard or bimetallic standard. A
country using paper money alone has no standard.
For additional information see Monetary standard.
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