English - Turkish
Definition of gold standards in English Turkish dictionary
- gold standard
- (Madencilik) altın ayarı
- gold standard
- altın para jüyesi
- gold standard
- altın esası
- gold standard
- altın standart
- gold standard
- altın standardı
Related Terms
English - English
Definition of gold standards in English English dictionary
- plural form of gold standard
- gold standard
- A monetary system where the value of circulating money is linked to the value of gold
In countries that accepted the gold standard, currency could be exchanged at a bank for a fixed weight of gold.
- gold standard
- A test or measure of comparison that is considered ultimate or ideal
The OED is the gold standard for English dictionaries. Everyone wants to see how their version measures up to that ideal.
- gold standard
- the gold standard the use of the value of gold as a fixed standard on which to base the value of money. Monetary system in which the standard unit of currency is a fixed quantity of gold or is freely convertible into gold at a fixed price. The gold standard was first adopted in Britain in 1821. Germany, France, and the U.S. instituted it in the 1870s, prompted by North American gold strikes that increased the supply of gold. The gold standard ended with the outbreak of World War I in 1914; it was reestablished in 1928, but because of the relative scarcity of gold, most nations adopted a gold-exchange standard, supplementing their gold reserves with currencies (U.S. dollars and British pounds) convertible into gold at a stable rate of exchange. Though the gold-exchange standard collapsed during the Great Depression, the U.S. set a minimum dollar price for gold, an action that allowed for the restoration of an international gold standard after World War II. In 1971 dwindling gold reserves and an unfavourable balance of payments led the U.S. to suspend the free convertibility of dollars into gold, and the gold standard was abandoned. See also bimetallism; exchange rate; silver standard
- gold standard
- a paragon of excellence; "academic education is the gold standard against which other educational activity is pejoratively judged"
- gold standard
- monetary system that is based on gold (gold is set at a fixed price and can be used as legal currency)
- gold standard
- a monetary standard under which the basic unit of currency is defined by a stated quantity of gold
Related Terms
gold standards
Turkish pronunciation
gōld ständırdzPronunciation
/ˈgōld ˈstandərdz/ /ˈɡoʊld ˈstændɜrdz/
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