--%>
Assignment Help - homework help

What is Gresham’s Law

What do you mean by the Gresham’s Law?

E

Expert

Verified

Gresham’s law states the phenomenon which describes that bad (abundant) money drives the good (scarce) money out of the circulation. This phenomenon was generally observed under bimetallic standard under which both the gold and silver were used as the means of payments, along with the exchange rate fixed between the two metals.

   Related Questions in Financial Accounting

  • Q : Article on Supplier selection Write an

    Write an article why Supplier selection has been a critical decision to be made for any company?

    		•
  • Q : MIS reports What are MIS reports and do

    What are MIS reports and do you made it?

    		•
  • Q : Financial institutions & Economic growth

      It started with the US sub-prime mortgages on housing loans, which became worthless when home owners defaulted on their loans. The housing market promptly collapsed, wiping out Wall Street's revered investment banks and pull

    		•
  • Q : Bretton Woods’s system programmed to

    Comment over the below proposition: “One can say that Bretton Woods’s system was programmed to the eventual demise”. 

    		•
  • Q : Evaluate the impact of a recent

    A 2000 word essay (maximum allowed 2,200) Accessing Learning Outcomes: Knowledge 1 and 2 Skills 1, 2, 3 and 5                 "Evaluate the impact of a recent healthcare initiative on nursing practice".<

    		•
  • Q : Prepare adjusting journal entries The

    The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700

    Q : Commercial bank problems Select the

    Select the right answer of the question. Assume that, for every 1-percentage point decline of the discount rate, commercial banks collectively borrow an additional $2 billion from Federal Reserve banks. Also suppose that reserve ratio is 20 percent. If the Fed incre

    		•
  • Q : French Association of Private Companies

    In the year 1995, working group of the French chief executive officers was formed by the Confederation of French Industry (CNPF) and the French Association of Private Companies (AFEP) for studying the structure of the French corporate governance. Group has reported th

    		•
  • Q : Fundamenetal Issues on Management

    1.  Somerset Ltd manufactures components for the motor industry. In one of its workshops it has three workers, Joe, Jack and Jonny, who at any one time work on batches of the same component. The standard time allowed to produce one unit is one hour. The workers rate of pay is

    		•
  • Q : Future spot exchange rate Describe

    Describe about the conditions under which forward exchange rate may be an unbiased predictor of the future spot exchange rate.

    		•