Which of the following is a definition of the gold standard?
A. Indicator of the highest credit rating.
B. Variable currency based on the price of gold.
C. Weight of gold bullion.
D. Purity of bold bullion.
E. Currency based on the price of gold.
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the system by which the value of a currency was defined in terms of gold, for which the currency could be exchanged. The gold standard was generally abandoned in the Depression of the 1930s.
the best, most reliable, or most prestigious thing of its type.
"you can't rely on lab tests as being the gold standard"