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Bad money drives out good” principle Crossword Clue
Bad money drives out good” principle LA Times Crossword Clue 11 Letters
Why GRESHAMSLAW is the best answer for Bad money drives out good” principle LA Times Crossword Clue?
Bad money drives out good” principle refers to an economic principle named after Sir Thomas Gresham, an English financier during the Tudor dynasty.
Gresham's Law states that when there are two forms of money in circulation—typically one of higher and one of lower intrinsic value—the cheaper or debased money tends to drive out the more valuable money from circulation.
This happens because people prefer to hoard or save the money that has higher intrinsic value, while spending or circulating the money that is worth less.
Bad money drives out good” principle Crossword Clue
Answer | Length |
---|---|
GRESHAMSLAW | 11 Letters |
INFLATION | 9 Letters |
MONETARYPOLICY | 14 Letters |
COINAGEDEVALUATION | 18 Letters |
Bad money drives out good” principle Crossword Clue 9 Letters
Bad money drives out good” principle Crossword Clue 14 Letters
Bad money drives out good” principle Crossword Clue 18 Letters
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Bad money drives out good” principle LA Times Crossword Clue Answers - FAQ's
"GRESHAMSLAW" is the correct answer for Bad money drives out good” principle LA Times Crossword Clue.
The CluesToday website found 4 answers for "Bad money drives out good” principle LA Times Crossword Clue."
GRESHAMSLAW,INFLATION,MONETARYPOLICY,COINAGEDEVALUATION
LA Times Oct 16, 2024 Clues & Answers
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