"Bad money will drive out good money from circulation." This is known as :

Related MCQs

• When the demand for a good increases with an increase in income, such a good is called -
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• The inefficiencies associated with employing a representative to carry out a task for you rather than carrying it out yourself are known as in economical terms as
• If he Central Bank wants to encourage an increase in the supply of money and decrease in the cost of borrowing money, it should -
• The accumulation of idle money balances or inactive money is called:
• In economic theory, a tangible good or service resulting from the process of production is known as
• The value of a commodity expressed in terms of money is known as -
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• One who owes money to another is known as
• Money placed in an account at a financial institution and constituting a claim on it is known as