What is another phrase for gold standard?
What is another word for gold standard?
How do you use gold standard in a sentence?
a paragon of excellence.
- The currency was tied to the gold standard.
- America went off the gold standard after the Great Depression.
- Behind it stood the international gold standard.
- Their candy is the gold standard.
- In sum, a myopic gold standard could make us more vulnerable to, not safer from, market fluctuations.
Where did the phrase gold standard come from?
Inspired by the Olympic Games, where the best athlete wins the gold medal, people who use “golden standard” think the term denotes the best standard in the world.
Is gold standard a metaphor?
The “gold standard” is a pervasive metaphor in health research. Whether it is an argument about establishing a standard for quality of care or a debate about the relative merits of diagnostic investigations, the term is universally used to describe the best care, the best test, or the most certain medical knowledge.
What does money supply mean?
The money supply is the total amount of money—cash, coins, and balances in bank accounts—in circulation. The money supply is commonly defined to be a group of safe assets that households and businesses can use to make payments or to hold as short-term investments.
Do you say gold standard or golden standard?
Whereas the gold standard was never regarded as infallible, the incorrect term ‘golden standard’ implies a level of perfection that is unattainable in medical science. Consequently, the correct term should be ‘gold standard’.
What is the significance of gold standard?
The advantages of the gold standard are that (1) it limits the power of governments or banks to cause price inflation by excessive issue of paper currency, although there is evidence that even before World War I monetary authorities did not contract the supply of money when the country incurred a gold outflow, and (2) …
What is the gold standard easy definition?
gold standard, monetary system in which the standard unit of currency is a fixed quantity of gold or is kept at the value of a fixed quantity of gold. The currency is freely convertible at home or abroad into a fixed amount of gold per unit of currency. These “trigger” prices are known as gold points.
What words describe quality?
170 Words To Describe Quality
|High Performance||High Standard|