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standard money
noun
- money made of a metal that has utility and value apart from its use as a unit of monetary exchange.
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Word History and Origins
Origin of standard money1
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Example Sentences
The silver shekel was the standard money of the Phœnicians, and was worth about 2s.
Standard money is particularly desirable in bank and government reserves.
A high premium on small coins, apart from redemption in standard money, may easily arise from the money-use alone.
It is true that credit instruments are commonly drawn in terms of standard money, which is commonly gold.
Why are gold and silver, and particularly gold, the standard money of the great part of the world to-day?
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