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Econ 104 > Gresham's Law > Flashcards

Gresham's Law Flashcards

1
Q

Greshman’s Law

A

An artificially overvalued money tends to drive artificially undervalued money out of circulation (Bad money drives out good).
Ex. MA quarters and 1964 US quarter(more value)

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Econ 104 (11 decks)

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