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Gresham's law in Economics shows that?

Economics
JAMB 1994

Gresham's law in Economics shows that?
  • A. good drives out bad money
  • B. bad money drives out good money
  • C. the value of money varies inversely with the price level
  • D. gold must be available to maintain the price of paper money
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Correct Answer: Option B
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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