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English definition of “gold standard”

gold standard

noun [S] (FINANCIAL SYSTEM)   
a system of providing and controlling the exchange of money in a country, in which the value of money (compared to foreign money) is fixed against that of goldEconomics and the state of the economy
(Definition of gold standard noun (FINANCIAL SYSTEM) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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