monetary standard
1
6.1
- noun
- /ˈmʌnɪˌtɛri ˈstændərd/
- Specialized
:
patrón monetario
- Many countries have switched from a gold-based monetary standard to a more flexible currency system.
Examples
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Adopting a new monetary standard is often a complex process that requires public trust and understanding.
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Monetary standards that do not mix monetary standards and currency are far different from a de jure monetary currency and monetary standard, which by definition needs legal and military support.
Blog text (18) -
A monetary standard is a convention; it changes.
Blog text (18) -
Second, once they were recorded in account books, gifts were assessed against a uniform monetary standard into which they could be converted if necessary.
Academic text (2001) -
So there will be a revolution after which a new monetary standard, most likely a form of bitcoin, will arise.
Blog text (26) -
We have a deeply flawed system where monetary standards and currency are confused.
Blog text (26) -
The international gold standard came into being because of the historical accident that gold was Britain's monetary standard when it emerged as the world's leading industrial, colonial, and trading power in the 1800s.
Academic text (2003) -
If the redistributive effects become great enough—that is, if inflation becomes extremely high—people will abandon the domestic monetary standard and replace it with one that is set outside the country.
Academic text (1997) -
The government's choice of a fiat currency as the monetary standard impacted the economy significantly.
Synonyms
42
6.7
A commodity like gold that sets a country's money value
12
5.1
A system where people can exchange a country's money for gold
A money system where coins are worth a set amount of silver
Use of one metal like gold to set a country's money value
An agreed unit used to measure and compare things
How Backed
- Specialized
12
5.1
- Specialized
1
6.1
- Specialized
42
6.7
- Specialized
6
6.8
Surface Forms
Morphology
The meaning 'a system or benchmark determining the value of money' is directly derivable from combining 'monetary' (pertaining to money) with 'standard' (a benchmark or basis). This compositional noun-noun pattern is cross-linguistically common (e.g., 'gold standard') and follows regular semantic combination, so a B1 learner who knows both words would readily infer the MWE meaning.
Etymology
Monetary standard may come from the image of a single measuring stick or fixed object people used to check the worth of money, since monetary means about money and standard means a fixed rule or measure. Imagine a town keeping a bar of gold as that rule and using it to set how much coins were worth, so a monetary standard now means the system that sets money's 'value'.