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currency principle

American  

noun

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


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From Project Gutenberg

This brings up the whole question at issue between the “Currency Principle” and the “Banking Principle.”

From Project Gutenberg