numéraire

listen to the pronunciation of numéraire
Englisch - Englisch
a basic standard by which values are measured

Acting as the numéraire is one of the functions of money: to measure the worth of different goods and services relative to one another. Numéraire goods are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant.

numeraire
Alternative spelling of numéraire
numéraire
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