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Gresham's law
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FLCJ03IQ7A4
Geliefert zwischen Do., 15.01.2026 und Fr., 16.01.2026
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High Quality Content by WIKIPEDIA articles! Gresham's law is commonly stated: " Bad money drives out good", but more accurately stated: " Bad money drives out good under legal tender laws". This law applies specifically when there are two forms of commodity money in circulation which are required by legal-tender laws to be accepted as having similar face values for economic transactions, Gresham's law is named after Sir Thomas Gresham (1519 1579), an English financier during the Tudor dynasty. However, it had been stated forty years before by Nicolaus Copernicus, so in parts of central and eastern Europe is known as the Copernicus Law. The phenomenon had been noted even earlier, in the fourteenth century, by Nicole Oresme. The fact of bad money being used in preference to good money is also noted by Aristophanes in his play The Frogs, which dates from around the end of the 5th century BC.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130845469
- Herausgeber Alphascript Publishing
- Anzahl Seiten 104
- Genre Droit
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- EAN 9786130845469
- Titel Gresham's law
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