standard money

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noun

money made of a metal that has utility and value apart from its use as a unit of monetary exchange.

QUIZ

THINGAMABOB OR THINGUMMY: CAN YOU DISTINGUISH BETWEEN THE US AND UK TERMS IN THIS QUIZ?

Do you know the difference between everyday US and UK terminology? Test yourself with this quiz on words that differ across the Atlantic.

Question 1 of 7

In the UK, COTTON CANDY is more commonly known as…

Origin of standard money

First recorded in 1955–60

The silver shekel was the standard money of the Phœnicians, and was worth about 2s.
The Adventures of Captain Mago|Lon Cahun
Standard money is particularly desirable in bank and government reserves.
The Value of Money|Benjamin M. Anderson, Jr.
A high premium on small coins, apart from redemption in standard money, may easily arise from the money-use alone.
The Value of Money|Benjamin M. Anderson, Jr.
It is true that credit instruments are commonly drawn in terms of standard money, which is commonly gold.
The Value of Money|Benjamin M. Anderson, Jr.

Why are gold and silver, and particularly gold, the standard money of the great part of the world to-day?
The Value of Money|Benjamin M. Anderson, Jr.