Gresham's Law is the tendency for low-quality money to drive high-quality money out of circulation.
a. true
b. false
Ans: a. true
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Which of the following led to a "bank jog" in Greece?
A) high unemployment B) high inflation C) speculation that Greece would abandon the euro D) the default of several Greek banks
Demand-pull inflation is more likely to occur when the economy is producing at maximum capacity
a. True b. False Indicate whether the statement is true or false
Leverage is essential to a bank's profitability but it also increases risk
a. True b. False Indicate whether the statement is true or false
When the average cost of a typical firm declines as the output of the industry within a geographic area increases it is referred to as
A. external scale economies. B. internal scale diseconomies. C. internal scale economies. D. constant returns to scale.