Bissoy.com
Doctors Medicines MCQs Q&A

The theory that bad money drives good money out of circulation is giver by :

The theory that bad money drives good money out of circulation is giver by : Correct Answer Marshall

In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.

Related Questions

A shopkeeper has 100 kg of good grade rice and x kg of bad grade rice. He brought good and bad grade rice for Rs. 20 and Rs. 10 respectively. He can sell the good and bad grade rice at Rs. 30 and Rs. 13.5 respectively. Out of x kg, if he mixes y kg of bad grade rice with good grade, he will get a profit of 69 2/7% from total sale. If he mixes y/2 kg of bad grade rice with good grade, he will get a profit of 57.5%. What is the profit he would have got if he sold honestly? (in rupees)
Kripal starts driving from his home and drives 37 km towards south. From there he turns left and drives 31 km. Then he turns right and drives 27 km. Then he turns left and drives a certain distance of Y km. After than, he turns left and drives 57 km. Now he finally turn left and drives 58 km to reach a bank, which is exactly 7 km south of his home. Find the value of Y in Km.
A bank employee drives 10 km towards South from her house and turns to her left and drives another 20 km. She again turns left and drives 40 km, then she turns to her right and drives for another 5 km. She again turns to her right and drives another 30 km to reach her bank where she works. What is the shortest distance between her bank and her house ?
In the following question, somestatements is followed by some conclusions,you have to take the given statements to betrue even if they seem to be at variance with
commonly known facts and then decide whichof the given logically follow. Choose thatconclusion as the answer. Statements:
Some roads are not good.
Some railways are good.
All airways are good.
Some roads are bad. Conclusions:
I. At least some bad are good.
II. No bad is good.
'Bad money drives good money out of circulation'-বিধিটি কার?
The law that 'Bad money drives good money out of circulation' was given by :
Which law states that bad money drives good money out of circulation?
"Bad money drives good money out of circulation." The propounder of this statement was:
A drives 30 km south. Then he turns right and drives another 30 km. Turning left from here. he drives 20 km. finally turning left, he drives 30 km. How far is A from his starting position?
A farmer is preparing his field. He starts his tractor from garage and drives 5 km towards East. From there, he turns right and drives 6 km. Then, he turns right and drives 8 km. Again, he turns right and drives 10 km when his tractor breaks down. What is the shortest distance between his current location and garage?