An obsolete monetary system in which a unit of currency is fixed to the value of a set unit gold. A government operating under the gold standard promises to redeem its notes in an equivalent amount of gold. The gold standard has been replaced, world wide, by either fiat currency or fixed currency. See Floating Exchange Currency; Foreign Exchange Market; foreign exchange rate.
Browse by Subjects
See All Related Terms »
Volume Weighted Average Price
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):