Definition of monometallic in English:
1.1 historical Relating to, involving, or using a standard of currency based on one metal.
- A fairly unanimous consensus focusing on money as a means of exchange based on a monometallic standard and leading to a narrow definition of money is developed.
- The latter, monometallic, standard has problems of coin size (too small or too large) and of susceptibility to counterfeiting.
- The widely accepted belief that originally the United States was on a monometallic ‘gold standard’ is incorrect.
Definition of monometallic in:
- US English dictionary
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