currency principle

  1. the principle that banks should be permitted to issue notes only against bullion or coin.

  • Also called currency doctrine.

Words Nearby currency principle Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use currency principle in a sentence

  • Laughlin shows the connection of the currency principle and the quantity theory.

    The Value of Money | Benjamin M. Anderson, Jr.