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Author Question: Gresham's Law states that: a. Good money tends to drive bad money out of circulation. b. Virtual ... (Read 29 times)

Kikoku

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on: Jun 30, 2018
Gresham's Law states that:
 a. Good money tends to drive bad money out of circulation.
  b. Virtual and electronic money tends to drive physical money out of circulation.
  c. Bad money tends to drive good money circulation.
  c. In times of financial instability, nations should gresham, which means to back their currencies by precious metals.
  d. In times of financial instability, commodity-backed money tends to drive electronic and virtual currencies from circulation.

Question 2

Which economy tends to use loyalty as a motivating factor?
 a. China
  b. India
  c. USSR
  d. Japan
  e. all of the above


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Kedrick2014

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Reply #1 on: Jun 30, 2018
Answer to Question 1

.C

Answer to Question 2

D


Kikoku

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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