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单词 silver standard
释义

silver standard

noun historical
A system by which the value of a currency is defined in terms of silver, for which the currency may be exchanged.Of course, uniformity could have been realized by returning to the silver standard and bona fide specie payments, and reducing the currency, but there were few who mentioned this option....
  • Thus the United States was on a silver standard, but it was also on a bimetallic system of coinage, that included gold to be circulated at a ‘fixed’ exchange rate to the silver standard.
  • From 1789-1834, the country was on a de facto silver standard, from 1834-1861 a gold standard.
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更新时间:2024/11/12 7:41:00