Meaning of numéraire | Babel Free
Definitions
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Alternative spelling of numéraire. alt-of, alternative
- 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 ( Numeraire on Wikipedia.Wikipedia)”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.