Definition

A system where two metals, usually gold and silver, are used together as money, with a fixed value ratio between them.

Example

Bimetallism was once a popular monetary system in many countries.

Conversation

Have you ever heard of bimetallism?

Yeah, it's the idea of using both gold and silver as money, right?

Exactly! Some people think it could help stabilize the economy.

That's interesting; I wonder how it would work in today's world.

Synonyms & Antonyms

Root Explanation

Bimetallism is formed from "bi-" (meaning two) and "metallum" (from Latin, meaning metal) and "-ism" (a suffix used to denote a practice or system). The term refers to a monetary system that uses two metals, typically gold and silver, as the basis for currency.

Memory Tip

Think of 'two' ('bi-') types of 'metal' ('metallum') being used in a monetary system — that's what bimetallism means.

Visually Confused Words