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Meaning of Gresham's law | Babel Free

Noun CEFR B2

Definitions

An economic principle stating that, when a government overvalues one type of money and undervalues another, the undervalued money will leave the country or disappear from circulation into hoards, while the overvalued money will flood into circulation; or "bad money drives out good".

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

Greshan Gresik Gresko Gresley Gressett Gressingham duck

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