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What is another word for monetary standard?

3 synonyms found

Pronunciation:

[ mˈʌnɪtəɹi stˈandəd], [ mˈʌnɪtəɹi stˈandəd], [ m_ˈʌ_n_ɪ_t_ə_ɹ_i s_t_ˈa_n_d_ə_d]

The monetary standard refers to a set of rules and regulations that dictate the quantity and quality of money in circulation in a particular economy. This term is typically used in discussions regarding monetary policy, central banking, and international financial systems. Synonyms for monetary standard include financial standard, currency standard, gold standard, fixed exchange rate, and currency peg. These phrases all refer to the guidelines and restrictions that governments and central banks impose on the issuance and circulation of currency. They are all relevant to the management of inflation, economic growth, and international trade, and can have significant implications for financial stability and economic development.

Synonyms for Monetary standard:

How to use "Monetary standard" in context?

The monetary standard is the quantity of money in circulation in an economy. It is determined by the central bank and affects the purchasing power of the currency. There are three main types of monetary standards: fiat, commodity, and barter.

A fiat monetary system uses a legal tender currency that is not tied to any commodity. The US dollar is an example of a fiat currency. The government promises to print new units of the currency until there are no more, which creates inflation. A commodity standard is based on the supply and demand of a specific commodity. The US dollar is an example of a commodity standard.

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