Economy, asked by teteiralte, 1 year ago

What is Gresham's Law(short definition please)

Answers

Answered by Lipikayadav93

It means that monetary principle stating that " bad money drives out good " .

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Answered by adithyakrishnan6137

Answer:

Gresham's Law states that if the intrinsic value of a coin in circulation exceeds that of its face value, this dearer coin will be extracted from circulation for melting down.

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