Gresham’s Law means (1) Good money replaces bad money in circulation (2) Bad money replaces good money in circulation (3) Good money promotes bad money in the system (4) Bad money promotes good money in the system

1 Answer

Answer :

Bad money replaces good money in circulation

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Description : Gresham's Law means - (1) Good money replaces bad money in circulation (2) Bad money replaces good money in circulation (3) Good money promotes bad money in the system (4) Bad money promotes good money in the system

Last Answer : (2) Bad money replaces good money in circulation Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues ... or disappear from circulation into hoards, while the overvalued money will flood into circulation."

Description : "Bad money will drive out good money from circulation." This is known as : (1) Engle's Law (2) Gresham's Law (3) Say' Law (4) Wagner's Law

Last Answer : (2) Gresham's Law Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the under-valued money will leave ... money will flood into circulation." It is commonly stated as: "Bad money drives out good."

Description : “Bad money will drive out good money from circulation.” This is known as : (1) Engle’s Law (2) Gresham’s Law (3) Say’ Law (4) Wagner’s Law

Last Answer : Gresham’s Law

Description : Gresham's law is related to - (1) Consumption and demand (2) Supply and demand (3) Circulation of money (4) Deficit financing

Last Answer : (3) Circulation of money Explanation: Gresham's law is an observation in economics that "bad money drives out good." More exactly, if coins containing metal of different value have the same value as ... 1558 prompted the economist H.D. Macleod to suggest the term Gresham's law in the 19th century.

Description : Gresham’s law is related to (1) Consumption and demand (2) Supply and demand (3) Circulation of money (4) Deficit financing

Last Answer : Circulation of money

Description : 'Gresham's Law' in Economics relates to (1) supply and demand (2) circulation of currency (3) consumption of supply (4) distribution of goods and services

Last Answer : (2) circulation of currency Explanation: Gresham's law is an economic principle that states: "When a government compulsorily overvalues one type of money and undervalues another, the undervalued money will leave ... will flood into circulation." It is commonly stated as: "Bad money drives out good."

Description : Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases? (1) Say's Law (2) Griffin's Law (3) Gresham's Law (4) Engel's Law

Last Answer : (4) Engel's Law Explanation: According to Engel's Law, as disposable income of a consumer increases, the percentage of income spent for food decreases if all other factors remain constant. This ... demand of food is less than 1. A lower Engel coefficient indicates a higher standard of living.

Description : Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases? (1) Say’s Law (2) Griffin’s Law (3) Gresham’s Law (4) Engel’s Law

Last Answer : Engel’s Law

Description : A continuous passive motion (CPM) device applied after knee surgery a) promotes healing by increasing circulation and movement of the knee joint. A CPM device applied after knee surgery ... applied after knee surgery promotes healing by increasing circulation and movement of the knee joint.

Last Answer : a) promotes healing by increasing circulation and movement of the knee joint. A CPM device applied after knee surgery promotes healing by increasing circulation and movement of the knee joint.

Description : Which one of the following statements is correct? (1) Good money drives bad money out of circulation (2) Bad money drives good money out of circulation (3) Good and bad money cannot circulate together (4) Cannot say

Last Answer : (2) Bad money drives good money out of circulation Explanation: One of the most famous axioms in economics is "bad money drives out good." This rule has generally been attributed to Sir Thomas ... there must be two forms of money or currency (with the same face value) in circulation simultaneously.

Description : Which one of the following statements is correct ? (1) Good money drives bad money out of circulation (2) Bad money drives good money out of circulation (3) Good and bad money cannot circulate together (4) Cannot say

Last Answer :  Bad money drives good money out of circulation

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Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.

Description : What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods 

Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc. 

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Description : What is "narrow money"? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with the ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

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Description : The number of times a unit of money exchanges hands during a unit period of time is known as: a) velocity of circulation of money b) speed of circulation of money c) momentum of circulation of money d) count of circulation of money

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Description : What is narrow money ? (1) The sum of currency in circulation and the demand deposits in banks (2) The sum of MI money and the time deposits (3) The sum of currency in circulation with ... reserves held by banks (4) The market value of the stocks held by all the holders excluding the promoters

Last Answer : The sum of currency in circulation and the demand deposits in banks

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Description : What replaces the System.Data.OracleClient in .NET Framework 4.0?

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Description : How many US dollars are currently in circulation?

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Description : The average of weight of three men A,B and C is 84 kg. Another man D joins the group and the average now becomes 80 kg. If another man E, whose weight is 3 kg.more than that of D, replaces A, then the average weight of B,C ... 79 kg. The weight of A is : a) 70 kg b) 72 kg c) 75 kg d) 80 kg e) 78 kg

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Description : The average weight of M,N and O is 168 kg. If P joins the group, the average weight of the group becomes 160 kg. If another man Q who weighs 6kg more than P replaces M, then the average of N,O,P and Qbecomes158 kg. What is the weight of M? A) 175 B) 140 C) 145 D) 150 

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Description : In the law of demand, the statement "Other things remain constant" means - (1) income of consumer should not change (2) price of other goods should not change (3) taste of consumer should not change (4) All of the above

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Description : In the law of demand, the statement “Other things remain constant” means (1) income of consumer should not change (2) price of other goods should not change (3) taste of consumer should not change (4) All of the above

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