what does Gresham’s Law mean?
GRESHAM’S LAW as NOUN
- Meaning
- (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
Hypernyms(s) Gresham’s Law is a kind of… Example: animal is a hypernym of mammal, plant is a hypernym of flower
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