Having analyzed the European substantial evidence, the essay verifies that nominal interest rate and term agio under legal tender standard are averagely higher than they are under gold standard.

• 利用比利时、法国、瑞典及英国1791年至1992年的年度资料,可以验证法币本位制的名义利率及期限贴水水平值平均而言较金本位制高。