Understanding the meaning of gresham's law - BoostVocab

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gresham's law

Synonyms of gresham's law Antonyms of gresham's law Examples of gresham's law Usage of gresham's law Parts of gresham's law Definition that contains gresham's law Words sounding like gresham's law Explanation of gresham's law

noun
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham
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type of:
principle rule

Explanation of gresham's law

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