Monetary Standard simply means the official money standard a country uses. To give 4 instances, the UK uses Sterling, USA uses the Dollar, EU (European Union) uses the Euro, and Japan uses the Yen!
The types of monetary standards are: Commodity Standard or Metallic Standard and Non-Commodity Standard or Fiat Standard
ewan
ckret poh
lempira
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 standard
Gold
It was based on the change of the world monetary standard to the gold standard.
For the most part in Europe the euro is the standard form of currency.
standard of value GNP