Multiple choice general knowledge

The useful thumb rule in Economics, "Bad money drives out the good" goes by what name?

  1. Greshams Law

  2. Brookers Rule

  3. Trump's Law

  4. ASEW Rule
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Gresham's Law is an economic principle stating that 'bad money drives out good money' - when two forms of commodity money are in circulation but have equal face value, the money with higher intrinsic value will be hoarded or exported, leaving only the debased money in circulation. Named after Sir Thomas Gresham, this principle explains currency debasement phenomena throughout history. The other options are fictional or incorrect.

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