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standard money

noun
1.
money made of a metal that has utility and value apart from its use as a unit of monetary exchange.
Origin of standard money
1955-1960
First recorded in 1955-60
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for standard money
Historical Examples
  • The silver shekel was the standard money of the Phœnicians, and was worth about 2s.

  • How different metals became the standard money of different nations, 16.

  • standard money is particularly desirable in bank and government reserves.

    The Value of Money Benjamin M. Anderson, Jr.
  • A high premium on small coins, apart from redemption in standard money, may easily arise from the money-use alone.

    The Value of Money Benjamin M. Anderson, Jr.
  • It is true that credit instruments are commonly drawn in terms of standard money, which is commonly gold.

    The Value of Money Benjamin M. Anderson, Jr.
  • Why are gold and silver, and particularly gold, the standard money of the great part of the world to-day?

    The Value of Money Benjamin M. Anderson, Jr.
  • Gold, or other standard money, in particular, may obey different laws from other forms of money.

    The Value of Money Benjamin M. Anderson, Jr.
  • But silver, which was not standard money, seems to have been accepted without question.

    The Value of Money Benjamin M. Anderson, Jr.
  • Most of the fallacies regarding money have arisen not about standard money, but about paper and light-weight silver.

    The Principles of Economics Frank A. Fetter
  • Bonds have value because they yield interest and are payable at a definite time in standard money.

    The Principles of Economics Frank A. Fetter

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