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English definition of “gold standard”

gold standard

noun [S] uk   us  

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

gold standard noun [S] (GOOD THING)

something that is very good and is used for measuring how good other similar things are: I think 'Sesame Street' is still the gold standard for preschool television.Good, better and bestInformal words for goodQuite good, or not very goodComparing and contrasting
(Definition of gold standard from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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