alexa
 FREE Credit Score  Watch Our Videos

Download Financial Freedom App and Start your journey to become RICH

Search in Indianmoney's WealthPedia

Browse by words

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Home > Financial dictionary > G > Gold Standard

Gold Standard

Definition of Gold Standard

System of backing a country's currency with its gold reserves. Such currencies are freely convertible into gold at a fixed price, and the country settles all its international trade transactions in gold. Between 1900 and 1914 world's major economic powers were on gold standard, but could not maintain it during first World War (1914-18) and, except the US, finally abandoned it in 1931 during the Great Depression (1930-40). The US too abandoned it in 1971 to join the floating exchange rate system which is the international monetary-system as it exists today. The gold standard has never worked satisfactorily in controlling inflation or maintaining equilibrium in international transactions. Its major drawback is that it restricts a government's ability to control money supply, and makes a healthy economy highly susceptible to the conditions of inflation or depression of its trading partners.

You Can also Search For

GOLDEN RULES OF ACCOUNTING

gold fix

gold fixing

gold fund

gold tranche

golden boot

golden handcuffs

golden handshake

golden hello

Standard Costs

Standard Costs Plus Variances

Standard Deviation

ACCOUNTING STANDARDS BOARD (ASB)

AUDITING STANDARDS

ETHICAL STANDARDS

FAIR LABOR STANDARDS ACT

FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)

GENERALLY ACCEPTED AUDITING STANDARDS (GAAS)

GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)

You Recently Read

Financial Dictionary

What is Financial Dictionary?

Financial Dictionary is a dictionary or database that contains the meaning of all financial terms. Financial Dictionary has been created to help anyone, interested in understanding financial terms. It is extremely important to know what the financial terms mean when signing on terms and conditions. When availing financial products, you can be easily cheated if you don’t know what you have signed up for. To avoid this, you must be aware on what the terms really mean.

 

Who is this Financial Dictionary for?

We have developed this Financial Dictionary that could be used by anyone for free on our website. We have provided the meanings of almost all the financial terms along with the context in which they can be used. If you have lingering doubts on any financial term, then all you must do is log on to our website and check out the Financial Dictionary.

 

Why do you need to refer a Financial Dictionary?

If you wish to invest in the stock market, then it is extremely important to understand each and every term associated with it. A small misunderstanding can lead to huge losses in a matter of few seconds. It is only wise to know the meaning of all the terms before investing. The most comprehensive Financial dictionary covering all the financial terms. Brought to you by India's largest Free Financial Education company - IndianMoney.com.

 

What happens if I don’t refer a Financial Dictionary?

If you are planning to avail a Home Loan, then it is crucial for you to understand under what conditions your bank is sanctioning the loan. You must understand each and every term written on the loan agreement or else you will end up choosing a lender who charges high interest or with tough terms and conditions. To avoid this, just log on to our website and understand the meaning of financial terms with the Financial Dictionary.

 

Consequences of Misunderstanding a financial term

If you want to invest in a financial product, you must understand various financial terms. Not doing this could mean losses. Many financial intermediaries misguide you to make quick profits. You can avoid this by understanding financial terms and make smart investment decisions.

 

Uses of Financial Dictionary

If you are a Financial Advisor, then it is extremely important to stay updated on the latest financial terms. We at IndianMoney.com update all the new terms used in personal finance in the Financial Dictionary. You can refer and update yourself, to serve clients effectively. This is a double bonanza of increasing your efficiency and fetching clients more money.

 

How does our Financial Dictionary work?

Our Financial Dictionary has three main categories. First being ‘Most Searched Words’. These are the terms/words that are generally used in finance. You can just click on the words to know their meaning. Second category is ‘Recently Added Words’. These are the terms/words that are new to finance but have significance. Third being ‘You Recently Read’. If you have previously used our Financial Dictionary, then the words checked and their meaning would be displayed under this category.

Be Wise, Get Rich.

CIBIL Meter

Get FREE Credit Score now!
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.