Civilsdaily
Economics › Economic Growth,LPG,Planning
The term “Gresham’s Law” is often mentioned in the context of economics. What does it state?
(a)
Bad money drives out good money when both are in circulation.
(b)
Good money drives out bad money when both are in circulation.
(c)
Inflation drives out deflation in the economy.
(d)
Market competition drives out inefficient producers.
(A)