Gresham's Law
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Gresham's Law Definition
(n) (
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
Gresham's Law Synonyms
Gresham's Law
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