what is the law of grasam
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When bad money and good money both are circulating side by side as a media of exchange bad money drives good money out of circulation other things remaining the same."
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Gresham's law is a monetary principle stating that "bad money drives out good." It is primarily used for consideration and application in currency markets. Gresham's law was originally based on the composition of minted coins and the value of the precious metals used in them.
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