MONETARY STANDARDS - MONETARYSTANDARDS...

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MONETARY STANDARDS  The type of  STANDARD   MONEY  (money of ultimate redemption) in a monetary system.  The two basic types of monetary standards, therefore are commodity standards and  flat standards. Commodity Standards.   The two commodities principally used  as standard  money in monetary history have been gold and silver. 1. Gold standards may be classified as follows: a.  Gold coin standard. b.  Gold bullion standard. с. Gold exchange standard. 2. Silver standards may be classified as follows: a.  Silver coin standard. b.  Silver bullion standard, с. Silver exchange standard. 3. Bimetallic   standards—in   which   the   STANDARD   OF   VALUE   is   defined   as either   of   the   two   monetary   metals,   gold   and   silver,   in   specific quantity and fineness for each—may be similarly classifiable as to: a.  Bimetallic coin standard. b. Bimetallic bullion standard.
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This note was uploaded on 04/10/2012 for the course ECON 101 taught by Professor Gonalez during the Spring '12 term at Université de Bourgogne.

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MONETARY STANDARDS - MONETARYSTANDARDS...

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