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What does Greshams Law state?
Bad money drives good money out of circulation.
Who is famous for his observation that bad money drives out good money?
The phrase "bad money drives out good money" is attributed to the British economist Gresham's Law, named after Sir Thomas Gresham, a 16th-century financier. This principle suggests that when two forms of currency are in circulation, the one that is perceived as less valuable (bad money) tends to circulate more widely than the one that is perceived as more valuable (good money). As a result, people tend to hoard the good money, leading to its disappearance from circulation.
Does using initialisms and shortcuts thretens the proper usage of grammar and spelling?
Yes. The principle is well-known and thoroughly attested: Bad money drives out good.
In 1858 economist Henry dunning macleod named gresham's law for sir thomas gresham a financial adviser to Queen Elizabeth I what does gresham's law say?
Bad money drives good money out of circulation
How much money does an advice columnist earn?
It is up to the work you do if it is good or bad. If good you will get more but if you do bad work you will get less money.
How is the Greek Life bad?
if you have money it is good.
What are uses of money which are good and bad?
sss
Is depositing money into the bank good or bad?
Generally, it is good because you earn interest. The only bad thing is that you have less money in your pocket to spend, but you can always get some from the bank. And also it is a good place to store your money so that it won't get stolen.
What bad thing and good thing happened to miners?
they get money for it
Are cheap external hard drives also bad quality?
Not all cheap external Hard drives are also bad quality. It all depends on the brand and capacity of the drive. A Drive that has less storage can be cheaper but that doesn't mean it is of lower quality. Western Digital is a company that sales inexpensive hard drives that are good quality.
Is science good or base?
I think you asked is science good or bad? It's not good or bad. It's how you use it can be interpreted as good or bad. The idea of the scientific method is good. It drives us to seek out solutions base on repeated testings and evidences. This makes it flexible and allow us to change our ideas when we have new information and evidences.
Why people are againts supermarkets?
Supermarkets have good - and bad points. On the good side - they offer the convenience of offering a wide range of products in one place. On the bad side - they often undercut local shops which drives them out of business.
