2008 R2 Enterprise host - licensing support for standard

I understood with 2008 R2 Enterprise that I could  run four 2008 licensed guest 2008 VM's.  I installed 2008 Enterprise as a host and then created a 2008 Standard VM guest thinking that I could use one of the four licenses but it won't accept the Enterprise serial number that I used to create the host.  Do all the 4 VM's have to be 2008 Enterprise if the host is 2008 Enterprise? I would prefer to run 2008 Standard VM's if possible.
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lineonecorpConnect With a Mentor Author Commented:
I just checked with Microsoft licensing. There are virtual keys that come with Enterprise - somehow I missed seeing them/ignored them on the CD sticker. Those virtual keys can be used in the VMs and can be used to license a 2008 guest VM running Standard.
Andrew Hancock (VMware vExpert / EE MVE^2)VMware and Virtualization ConsultantCommented:
My understanding is it's Enterprise Licenses. I even often seen the licenses described as Physical and Virtual Enterprise Licenses.
lineonecorpAuthor Commented:
I don't understand the reasoning if that's the case.  Enterprise is 'above' Standard so it would be a 'downgrade/sidegrade' - no loss to MS.  Do you have any definitive links? The only thing I could see was that with my technet account that 2008 R2 Enterprise 64 bit and Standard 64 bit were the same key but not 32 bit Standard.
lineonecorpAuthor Commented:
Checked with manufacturer of product to validate answer.
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