How bad money drives good money ?

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Posted by:
Mariam Eid
14-December-2016

Money Market Accounting Administration Finance Management

Question ajoutée par AHMED IMRUL KAYES , Senior Consultant , HR Bangladesh Ltd.
Date de publication: 2014/12/31

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par Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town

“Bad money drives out good,” also known as Gresham’s law, applies specifically when there are two forms of commodity money in circulation which are legally required to have similar face values but different actual values, then the artificially overvalued money (bad money) tends to drive an artificially undervalued money (good money) out of circulation.

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