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. Rare in everyday conversation; used in historical or economic contexts.
Many countries in the 19th century adopted monometallism.
Under a single standard, the value of currency is fixed to one metal.
Bimetallism, a system using two metals (usually gold and silver) as the standard, in contrast to 単本位性's single metal.
Gold standard, a specific type of single standard where only gold is used.
Compound of 単 (single), 本位 (standard, basis), and 性 (nature, -ity). The term is a direct translation of the Western economic concept of monometallism.