What is monetary standard?

  • (noun): The value behind the money in a monetary system.
    Synonyms: standard

Famous quotes containing the words standard and/or monetary:

    The art of advertisement, after the American manner, has introduced into all our life such a lavish use of superlatives, that no standard of value whatever is intact.
    Wyndham Lewis (1882–1957)

    In our time, the curse is monetary illiteracy, just as inability to read plain print was the curse of earlier centuries.
    Ezra Pound (1885–1972)