Meaning commodity-valued currency
What does commodity-valued currency mean? Below you find one meaning for the word commodity-valued currency You can also add a definition of commodity-valued currency yourself
1 |
0
0
commodity-valued currencyA currency is said to be valued by a commodity if its value is tied directly to the value of that commodity. For instance, under the gold bullion standard, the value of each currency was expressed in [..]
|
| << backed currency | complementary currency system >> |