sound money
"Sound money" refers to a monetary system that prioritizes stability and reliability, often backed by valuable assets like gold.
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Definition
C1Finance
(technical)Currency that maintains its value over time, avoiding sudden inflation or depreciation.
Example
- Investors prefer sound money to protect their savings from inflation.
C1Economics
(technical)Monetary system where currency is backed by a physical commodity, such as gold, ensuring stability.
Example
- Historically, many countries adopted the gold standard to ensure they had sound money.
Similar
Terms that have similar or relatively close meanings to "sound money":
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