numéraire
Noun
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Noun
numéraire (plural numéraires)
- a basic standard by which values are measured
- Acting as the numéraire is one of the functions of money: to measure the worth of different goods and services relative to one another. "Numéraire goods" are goods with a fixed price of 1 used to facilitate calculations when only the relative prices are relevant
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.030