Bimetallic Standard

  

No, not the name of a big hair metal band who likes both guitar and keyboard.

The “bi” in “bimetallic” typically refers to two metals: gold and silver. A government can decide to use a bimetallic standard as a monetary system, which means acknowledging coins made of gold and silver as real money. It also means that there’s a set ratio of how much gold equals how much silver.

Find other enlightening terms in Shmoop Finance Genius Bar(f)