Uk English Meaning of gresham's law
Gresham's law
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Definitions and Meaning of gresham's law in English
gresham's law (n)
(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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Gresham's law
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoa
No synonyms found.
No antonyms found.
gresham => Gresham, gres-gris => gree-gree, gres => Tile, grenoble => Grenoble, grene => green,
