Bimetallism

ahd-5
  • noun. The use of a monetary standard consisting of two metals, especially gold and silver, in a fixed ratio of value.
  • noun. The doctrine advocating bimetallism.
  • The Century Dictionary and Cyclopedia
  • noun. The use of two metals as money at relative values set by legislative enactment; the union of two metals in circulation as money at a fixed rate.
  • the GNU version of the Collaborative International Dictionary of English
  • noun. The legalized use of two metals (as gold and silver) in the currency of a country, at a fixed relative value; -- in opposition to monometallism.
  • Wiktionary, Creative Commons Attribution/Share-Alike License
  • noun. The use of a monetary standard based upon two different metals, traditionally gold and silver usually in a fixed ratio of values.
  • WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
  • noun. a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio
  • Word Usage
    "When the Fed was founded in 1913, the U.S. was on the gold standard, so controlling the value of money wasn't within its brief; arguments over inflation vs. deflation focused on so-called bimetallism, or the dilution of the gold standard with silver, which Congress determined."
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