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Commerce · Q383

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 383

Q383

The Gresham's law specifies that

A.
New money drives old money out of circulation
B.
Good money drives bad money out of circulation
C.
Bad money drives good money out of circulation
Answer
D.
Paper money drives metallic money out of circulation

Answer: Option C

Solution

Answer: Option C
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