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gold basis

American  

noun

  1. a gold standard as a basis for prices.


gold basis British  

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Britain's gold standard tinkerers soon recalled that King Croesus of ancient Lydia was reputedly the first monarch to put the coin of his realm on a gold basis.

From Time Magazine Archive

But for the Dawes Committee the post-War mark could never have been stabilized on a gold basis.

From Time Magazine Archive

Britain's immediate money troubles go back to 1925, when to uphold British prestige Winston Spencer Churchill, moon-faced Conservative Chancellor of the Exchequer, put the pound back on a gold basis.

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

Huge though this rebuff had been, and great as the loss must be, the Master realized the utter impossibility of coming to any terms with Bara Miyan on a gold basis.

From The Flying Legion by England, George Allan

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