Gresham's Law It refers to the tendency for bad money to drive good money out of circulation.The law was first proposed by Sir Thomas Gresham,who was at that time the adviser of Queen Elizabeth I )According to his view of Bad money driving out good money expressed in 1558,when the public feel doubtful about some parts of the money supply,they will hoard the good money and try to transfer the bad money to others. 数更价首5大考
Gresham’s Law It refers to the tendency for bad money to drive good money out of circulation. The law was first proposed by Sir Thomas Gresham, who was at that time the adviser of Queen ElizabethⅠ). According to his view of Bad money driving out good money expressed in 1558, when the public feel doubtful about some parts of the money supply, they will hoard the good money and try to transfer the bad money to others
IOU I owe you;putting down these letters on a piece of paper with figures of a specified sum of money owed to others and signing the name and date,then a simple liability confirmation sheet is composed.It is kept by the creditor as attestation of the liability that can be presented in court as proof.It cannot be circulated and is not promissory note. 数更价首5大考
IOU I owe you；putting down these letters on a piece of paper with figures of a specified sum of money owed to others and signing the name and date, then a simple liability confirmation sheet is composed. It is kept by the creditor as attestation of the liability that can be presented in court as proof. It cannot be circulated and is not promissory note
Fiat money Fiat money or fiat currency,usually paper money,is a type of currency whose only value is that a government made a fiat that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve. 数更价首5大考
Fiat money Fiat money or fiat currency, usually paper money, is a type of currency whose only value is that a government made a fiat that the money is a legal method of exchange. Unlike commodity money or representative money it is not based in another commodity such as gold or silver and is not covered by a special reserve