- law of monetary circulation
- закон денежного обращения
English-russian dctionary of contemporary Economics. 2014.
law of monetary circulation
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Gresham's law — Econ. the tendency of the inferior of two forms of currency to circulate more freely than, or to the exclusion of, the superior, because of the hoarding of the latter. [1855 60; named after Sir T. GRESHAM] * * * Observation that bad money drives… … Universalium
Gresham's Law — A monetary principle stating that bad money drives out good. In currency valuation, Gresham s Law states that if a new coin ( bad money ) is assigned the same face value as an older coin containing a higher amount of precious metal ( good money ) … Investment dictionary
