BIMETALLISM

bimetallism

(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

Source: WordNet® 3.1


Etymology

Noun

bimetallism (countable and uncountable, plural bimetallisms)

(economics) The use of a monetary standard based upon two different metals, traditionally gold and silver usually in a fixed ratio of values.

Source: Wiktionary


Bi*met"al*lism, n. Etym: [F. bimétalisme.]

Definition: 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.

Note: The words bimétallisme and monométallisme are due to M. Cernuschi [1869]. Littré.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

19 November 2024

SALTWORT

(noun) bushy plant of Old World salt marshes and sea beaches having prickly leaves; burned to produce a crude soda ash


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Coffee Trivia

The earliest credible evidence of coffee-drinking as the modern beverage appeared in modern-day Yemen. In the middle of the 15th century in Sufi shrines where coffee seeds were first roasted and brewed for drinking. The Yemenis procured the coffee beans from the Ethiopian Highlands.

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