Monetary standard where the monetary unit is either a specific amount of metal or a specific amount. Monetary authorities would accept either amount. For example, the United States dollar set at either 371 grains of silver or 22.5 grains of gold during the 19th century, and the United States Mint agency would accept either gold or silver grains as specified and exchange it for gold or silver coins.
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A bimetallic standard is a monetary standard where the monetary unit is defined as consisting of either a certain amount of a metal or a certain amount of another ...
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Definition of bimetallic standard: Monetary standard where the monetary unit is either a specific amount of metal or a specific amount. Monetary authorities would ...
- Bimetallic Standard: Definition from Answers.com
Bimetallic Standard A monetary system in which a government recognizes coins composed of gold or silver as legal tender.
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