monometallic Synonyms
No Synonyms and anytonyms found
monometallic Meaning
Wordnet
monometallic (a)
containing one atom of metal in the molecule
Webster
monometallic (a.)
Consisting of one metal; of or pertaining to monometallism.
monometallic Sentence Examples
- The monometallic gold standard dominated global currency systems during the 19th century.
- Monometallic systems fix the value of a currency to a single metal, typically gold.
- In a monometallic system, the government guarantees to exchange a specific amount of metal for the currency.
- Monometallic currencies provide stability but can limit economic flexibility due to the constraints imposed by metal reserves.
- The move away from monometallic systems in the 20th century led to increased monetary volatility.
- Some countries still maintain a monometallic gold standard today, such as Switzerland.
- Monometallic systems can be prone to hoarding and speculation, which can disrupt currency markets.
- Central banks often hold gold as a reserve asset, but this does not necessarily imply a monometallic system.
- The Bank of England abandoned its monometallic gold standard in 1931 due to economic stress.
- Monometallic currencies can be vulnerable to inflation or deflation, depending on the availability of the metal used as the standard.
FAQs About the word monometallic
containing one atom of metal in the moleculeConsisting of one metal; of or pertaining to monometallism.
No synonyms found.
No antonyms found.
The monometallic gold standard dominated global currency systems during the 19th century.
Monometallic systems fix the value of a currency to a single metal, typically gold.
In a monometallic system, the government guarantees to exchange a specific amount of metal for the currency.
Monometallic currencies provide stability but can limit economic flexibility due to the constraints imposed by metal reserves.
