Bimetallism

[bai'metәlizәm]

Definition

(noun.) a monetary standard under which the basic unit of currency is defined by stated amounts of two metals (usually gold and silver) with values set at a predetermined ratio.

Typist: Veronica--From WordNet

Definition

(n.) The legalized use of two metals (as gold and silver) in the currency of a country, at a fixed relative value; -- in opposition to monometallism.

Edited by Joanne

Definition

n. the name given to a monetary system in which gold and silver are on precisely the same footing as regards mintage and legal tender.—adj. Bimetal′lic adapted to that standard.—n. and adj. Bimet′allist.

Checked by Ives