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单词 gold exchange standard
释义

gold exchange standard

noun
A monetary system under which the value of a country’s currency is kept at parity with another currency that is based on the gold standard: in 1971, the US broke the dollar’s link with gold set by the gold exchange standard...
  • The capitalists wanted a gold standard in preference to the gold exchange standard.
  • There was no organized bond speculation before 1971 while the dollar was on the gold exchange standard.
  • The author argues that the world economic crisis of the 1930s stemmed in large part from the gold exchange standard.
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更新时间:2024/9/22 1:41:37