gold standard

gold standard

noun
a monetary system with gold of specified weight and fineness as the unit of value.

Origin:
1825–35, Americanism
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Gold standard is always a great word to know.
So is doohickey. Does it mean:
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
a gadget; dingus; thingumbob.
Collins
World English Dictionary
gold standard
 
n
1.  a monetary system in which the unit of currency is defined with reference to gold
2.  the supreme example of something against which others are judged or measured: the current gold standard for breast cancer detection

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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American Heritage
Cultural Dictionary

gold standard definition


A system in which a nation's currency has a value measured in gold and can be exchanged for gold. Most nations, including the United States, went off the gold standard in the 1930s.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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