A monetary system in which – both gold and silver coins are introduced, and – in addition, a certain value ratio between the two precious metals is established by law. – In the absence of such a legally prescribed value ratio when gold and silver are used simultaneously, one also speaks of a parallel [metal] currency. – See Gresham’s law, currency, means of payment.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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