gold basis

American  

noun

1. a gold standard as a basis for prices.

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gold basis British  

noun

1. the gold standard as a criterion for the determination of prices

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Example Sentences

The Chancellor announced most significantly that Great Britain was henceforth on a gold basis.

From Time Magazine Archive

The question at issue was whether to set up the now virtually stabilized paper franc on a gold basis.

From Time Magazine Archive

Lord Willingdon, Viceroy of India, signed a decree in Simla taking the rupee off a gold basis with the pound.

From Time Magazine Archive

Prime Minister Richard Bedford Bennett of Canada announced that no matter what Britain did, Canada would remain on a gold basis.

From Time Magazine Archive

And all the borrowing countries should be required to place their customs duties on a gold basis and to pledge such receipts to its service.

From The Economic Consequences of the Peace by Keynes, John Maynard