gresham's |
gresham's law | (n) (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham |
グレシャムの法則 | [グレシャムのほうそく, gureshamu nohousoku] (n) (See 悪貨は良貨を駆逐する) Gresham's Law ("when there is a legal tender currency, bad money drives good money out of circulation") [Add to Longdo] |
悪貨は良貨を駆逐する | [あっかはりょうかをくちくする;あくかはりょうかをくちくする, akkaharyoukawokuchikusuru ; akukaharyoukawokuchikusuru] (exp) (id) (See グレシャムの法則) when there is a legal tender currency, bad money drives out good money (Gresham's Law) [Add to Longdo] |