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The United Kingdom slipped into a gold specie standard in 1717 by over-valuing gold at 15 + 1 ⁄ 5 times its weight in silver. It was unique among nations to use gold in conjunction with clipped, underweight silver shillings, addressed only before the end of the 18th century by the acceptance of gold proxies like token silver coins and banknotes.
A time standard is a specification for measuring time: either the rate at which time passes or points in time or both. In modern times, several time specifications have been officially recognized as standards, where formerly they were matters of custom and practice.
Such designations can be ambiguous; for example, "CST" can mean China Standard Time (UTC+08:00), Cuba Standard Time (UTC−05:00), and (North American) Central Standard Time (UTC−06:00), and it is also a widely used variant of ACST (Australian Central Standard Time, UTC+9:30). Such designations predate both ISO 8601 and the internet era; in ...
The gold standard is a monetary system in which gold is used to guarantee the value of a country’s currency. It was a typical measure in the 20th century to ensure that a country’s money was ...
In communications messages, a date-time group (DTG) is a set of characters, usually in a prescribed format, used to express the year, the month, the day of the month, the hour of the day, the minute of the hour, and the time zone, if different from Coordinated Universal Time (UTC).
The standard gold bar held and traded internationally by central banks and bullion dealers is the Good Delivery bar with a 400 ozt (12.4 kg; 27.4 lb) nominal weight. However, its precise gold content is permitted to vary between 350 ozt (10.9 kg; 24.0 lb) and 430 ozt (13.4 kg; 29.5 lb). The minimum purity required is 99.5% gold.
Used from the 10th to 20th centuries, its name is derived from the Russian word zoloto, meaning gold. As a unit, the zolotnik was the standard for silver manufacture, much as the troy ounce is currently used for gold and other precious metals. This unit was originally based on a coin of the same name.
Standard time is the synchronization of clocks within a geographical region to a single time standard, rather than a local mean time standard. Generally, standard time agrees with the local mean time at some meridian that passes through the region, often near the centre of the region. Historically, standard time was established during the 19th ...