answersLogoWhite

0

When something is given the title of "gold standard" it means that the subject has been reviewed as top quality. Every other subject within it's class is expected to have the same positive traits.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What is a summary of the Cross of Gold speech?

The Cross of Gold was given by William Jennings Bryan on July 9, 1896 at the Chicago Coliseum. It considered the placing of the economy of the US on a gold standard while there would be no silver standard.


Who was the first to adopt the gold standard?

The gold standard was first adopted in Britain in 1821Read more: gold-standard


What does the G stand for in penicillin G?

penicillin G stands for the phrase gold standard, as in gold standard penicillin.


Who opposed gold standard?

the democrats opposed the gold standard. the republicans supported it.


Who is the gold standard in WWE?

gold standard, is the nickname (gimmick) of Shelton Benjamin


When was Gold Standard Laboratories created?

Gold Standard Laboratories was created in 1993.


Why is the gold standard considered bad for modern economies?

The gold standard is considered bad for modern economies because it limits the flexibility of monetary policy, constrains economic growth, and can lead to deflationary pressures. Additionally, it can create instability in the financial system and make it difficult for governments to respond to economic crises effectively.


How many countries use the gold standard?

There are no countries today that are using the gold standard.


Is the US using the gold standard for 2010?

No, they stopped using the gold standard in 1971


When did US go off gold standard?

us went off gold standard in 1933


What is a a monetary standard in which one ounce of gold equaled a set number of dollars?

gold standard


What is gold parity standard?

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).