Economics · Monetary Theory
What does Gresham's Law in economics state regarding currency circulation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Paper money always replaces metallic money completely.
- 2Both good and bad money circulate equally without affecting each other.
- 3Good money drives bad money out of circulation.
- 4Bad money drives good money out of circulation.✓
Correct answer
Bad money drives good money out of circulation.
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