Standard of Prices

0.01 sec.

Standard of Prices

the weight of metal (gold or silver) adopted in a given country as the monetary unit and its multiples. It is used to measure and express the prices of all commodities. The standard of prices fixed by the government in legislation is not related to change in the value of the monetary commodity (gold). At first the standard of prices coincided with a weight scale. In the course of historical development the standard of prices became distinct; the primary causes of this shift were debasement of coinage, the switch from silver to gold as the monetary metal, and the introduction of foreign money into circulation. While they kept their former names as units of weight, monetary units such as the pound sterling and the livre actually came to contain significantly smaller amounts of metal than their names indicated. In the USSR the ruble (equal to 100 kopeks) plays the role of a standard of prices; since January 1961 its gold content has been set at 0.987412 g of pure gold.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback

Mentioned in	?		Encyclopedia browser	?		Full browser	?
No references found			standard input/output standard inside diameter dimension ratio Standard Instrument Control Library standard interface Standard International units standard interpretation standard knot standard leak standard lens Standard Lisp Standard Load standard loran standard mapping standard mean ocean water standard measure standard meridian Standard Metropolitan Statistical Area Smsa standard mineral Standard ML Standard ML of New Jersey Standard Mode standard model standard noise temperature standard noon Standard of Living Standard of Prices Standard Oil Company and Trust Standard Operating Environment standard output standard parallel standard parallel port standard penetration resistance standard penetration test standard performance standard pile standard pipe size Standard Pitch standard plane Standard Potential standard preemphasis standard pressure standard project flood standard propagation standard railing standard rate turn Standard Reference Material standard refraction standard sand standard sand Ottawa sand standard schnauzer standard score			Standard Obstetric Record Charting system Standard Occupation Classification Standard Occupational Categories Standard Occupational Classification Standard Occupational Classification Revision Policy Committee Standard Occupational Classification System Standard of care Standard of care Standard of care Standard of care Standard of care Standard of care standard of care test standard of comparison Standard of Conduct Standard of Efficient Medical Care Standard of Good Practice Standard of identity standard of life standard of living standard of living standard of living Standard of Living Index standard of measurement Standard of morality Standard of morality Standard of morality Standard of morality standard of perfection Standard of Practice Standard of Prices Standard of Procedure Standard of proof Standard of proof Standard of proof Standard of proof Standard of proof Standard of Quality Standard of review standard of value Standard Offer Service Fuel Adjustment Standard Office Environment Standard Offline Test Driver Standard Ogame Project Standard Oil Standard Oil Standard Oil Company Standard Oil Company and Trust Standard Oil Company of California Standard Oil Company of Kentucky Standard Oil Company of New York Standard Oil of New Jersey Standard Oil of New York Standard Oil of Ohio Standard Oil of Ohio Standard Oil Spill Response Management System Standard Omni Range Approach

Encyclopedia

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.