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Which one of the following is a monetary...

Which one of the following is a monetary principle stating that “Bad money drives out good”?

A

Pareto Efficiency

B

The multiplier effect

C

Marshall’s scissors analysis

D

Gresham’s Law

Text Solution

Verified by Experts

The correct Answer is:
D
In economics, Gresham.s law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
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