The types of monetary standards are: Commodity Standard or Metallic Standard and Non-Commodity Standard or Fiat Standard
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Brown's New Monetary Standard - 1913 was released on: USA: 9 August 1913
A monetary standard is what gives money value. Paper or coin currency has no inherent value; its value comes from the standard backing it up. For example, the monetary system in the United States runs on a gold standard. This means that all the money and commerce in the United States can be backed up with the gold the United States possesses. The monetary standard is important in that it allows the economy to function and for goods and servies to be bought and sold.
gold standard
Gold
It was based on the change of the world monetary standard to the gold standard.
standard of value GNP
For the most part in Europe the euro is the standard form of currency.
Gold parity standard is the current system used instead of the international gold standard. This system was made in 1946 by the International Monetary Fund (IMF).