currency principle
noun
the principle that banks should be permitted to issue notes only against bullion or coin.
- Also called currency doctrine.
Words Nearby currency principle
Dictionary.com 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.
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