English-Latin translations for numéraire

Definition of numéraire

  • a basic standard by which values are measured

Examples

  • 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 [http://en.wikipedia.org/wiki/Numeraire]

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