- a currency whose value is established and maintained by deliberate governmental action working through national and international financial institutions, in contrast to the quasi-automatic gold standard.
- a currency that is subject to governmental control with respect to the amount in circulation and the rate of exchange with other currencies
More Definitions
- FOREGONE (noun) Definition, Meaning & Examples
- PODO (noun) Definition, Meaning & Examples
- JEWELER'S SAW FRAME (noun) Definition, Meaning & Examples
- DOUBLE CROSS (noun) Definition, Meaning & Examples
- COINVENTOR (noun) Definition, Meaning & Examples
- INTERNATIONAL ASSOCIATION OF LIONS CLUBS (noun) Definition, Meaning & Examples