gold standard n. 1.A monetary standard under which the basic unit of currency is equal in value to and exchangeable for a specified amount of gold. 2.A model of excellence; a paragon:"Several generations of the laser have been widely available in Europe; the FDA approved the one now cons...
GOLD STANDARD meaning: 1 : a system in which a unit of money (such as the dollar) is equal to a particular amount of gold; 2 : something that is considered to be the best and that is used to judge the quality or level of other, similar things
gold standard Criterion standard The best or most successful diagnostic or therapeutic modality for a condition, against which new tests or results and protocols are compared. See Standard of practice,Practice guidelines. McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill...
The meaning of GOLD STANDARD is a monetary standard under which the basic unit of currency is defined by a stated quantity of gold and which is usually characterized by the coinage and circulation of gold, unrestricted convertibility of other money into
Gold 1 [gohld,gawld] Phonetic (Standard)IPA noun Nanay. Gold 2 [gohld] Phonetic (Standard)IPA noun Herbert,1924–2023,U.S. novelist and short-story writer. Thomas,1920–2004,U.S. astronomer, born in Austria: formulated the steady-state theory of the universe....
The meaning of GOLD is a yellow metallic element with atomic number 79 that occurs naturally in pure form and is used especially in coins, jewelry, and electronics. How to use gold in a sentence.
The gold standard is a system where currency is tied to gold. This has one primary purpose: to regulate prices at which nations can trade goods. While different currencies can—on their own—wildly fluctuate in value over time, the amount of gold in the world remains relatively stable. ...
gold (goʊld) n. 1. a precious yellow metallic element, highly malleable and ductile, and not subject to oxidation or corrosion. Symbol: Au; at. wt.: 196.967; at. no.: 79; sp. gr.: 19.3 at 20°C. 2. a quantity of gold coins: to pay in gold. 3. gold standard. 4. mo...
A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets theprice of goldat $500 an ounce, the value of the dollar would be 1/500th o...
a reserve currency. The Canadian dollar has been in use since 1858 when the Province of Canada replaced the Canadian pound with its first official Canadian coins. The Canadian dollar was pegged to the U.S. dollarat parusing thegold standardsystem of one dollar equaling 23.22 grins of gold....