Bimetallistic (Adjective)
Meaning
Pertaining to a monetary system based on two metals; "in a bimetallistic system both gold and silver can constitute legal tender".
Classification
Relational adjectives (pertainyms).
Examples
- The bimetallistic system adopted by the country allowed for the free exchange of gold and silver coins, facilitating international trade.
- Historians have long debated the merits of a bimetallistic standard, arguing that it can lead to economic instability and fluctuating currency values.
- The country's bimetallistic monetary policy was eventually abandoned in favor of a gold standard, which provided greater stability and consistency.
- In a bimetallistic system, the relative values of the two metals can fluctuate, leading to economic uncertainty and speculation.
- The bimetallistic system used in ancient Greece allowed for the coexistence of gold and silver coins, which were used for different types of transactions.