single standard; monometallism
Economic term referring to a monetary system based on a single metal (e.g., gold or silver) as the standard of value.
In many countries during the 19th century, the gold monometallic standard was adopted.
Under a monometallic system, the value of currency is fixed to a single metal.
single standard; monometallism
Compound of 単 (single) and 本位 (standard, basis). The term was coined in the context of modern monetary theory, likely as a direct translation of the Western concept of monometallism.