Created: 1 year ago | Updated: 8 months ago | Created By:
Maliha Mou
Maliha Mou
circulation of currency
Topic: India
Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear, from circulation into hoards, while the over-valued money will flood into circulation." It is commonly stated as: "Bad money drives out good."

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