| 单词 | gold bullion standard |
| 释义 | > as lemmasgold bullion standard gold bullion standard n. a system in which the value of a currency is defined in terms of gold bullion, and in which bullion may be exchanged for the currency at a fixed rate. Cf. gold standard n.Abbreviated GBS. ΚΠ 1886 Galveston (Texas) Daily News 20 Feb. 5/4 All the circulating medium of a country should be..provisionally regulated by the gold bullion standard until some more perfect standard..may be discovered. 1933 B. Ellinger This Money Business i. 6 After the Act of 1925 it was only gold bullion which could be obtained in exchange for notes, and therefore it was known as the ‘gold bullion standard’ instead of the vaguer term ‘gold standard’. 1940 G. Crowther Outl. Money ix. 314 When gold coins do not circulate, but the Central Bank is nevertheless under legal obligation to buy and sell gold in exchange for currency at a fixed price..it is known as the ‘gold bullion standard’. 2012 Business Times (Singapore) (Nexis) 4 Oct. A gold bullion standard seems a more likely candidate, where US dollar notes are freely exchangeable for gold bullion at a fixed price. < as lemmas |
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