Author Question: Gresham's Law states that: a. Good money tends to drive bad money out of circulation. b. Virtual ... (Read 60 times)

Kikoku · **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