Bad money drives out good money - bad money drives out good money
|
When currencies with the same nominal value but different real values circulate simultaneously within a country, there is a tendency for good currency to be hoarded and not used, and only bad currency to circulate in the market. This is known as "Gresham's Law." Source: The Selected Edition of the Japanese Language Dictionary About the Selected Edition of the Japanese Language Dictionary Information |
|
同一の名目価値をもちながら、実質的価値の違う貨幣が同時に一国内で流通する時には、良貨は貯蔵されて用いられなくなり、悪貨だけが市場に流通する傾向を生じる、ということ。いわゆる「グレシャムの法則」のこと。
出典 精選版 日本国語大辞典精選版 日本国語大辞典について 情報 |
<<: Ackerman-Jantou theory - Ackerman-Jantou theory
Recommend
Nuclear isomers
When two or more nuclei have the same atomic numb...
Kasperl - Kasperl
…The use of this term can be seen from the first ...
Echizen sickle
Sickles have been produced since the Middle Ages ...
Lake Okeechobee
A lake in southern Florida, USA. It has an area of...
Sencho [town] - Sencho
An old town in Yatsushiro County, Kumamoto Prefect...
Kazuzaki mugwort - Kazuzaki mugwort
...General term for plants of the Artemisia genus...
Solar constant - solar constant
A measure of the amount of radiant energy from th...
Kahaijitsu - Kahaijitsu
…Nowadays, people generally just watch the moon a...
banque d'affaires (English spelling)
... However, among the French joint stock banks, ...
Yuzaburo Sakai
Born: Man'en 1 (1860), Kumamoto Died December ...
Printing expression
…Printing technology developed greatly with the i...
Polyurethane
A polymer with a urethane bond (following structu...
Winesburg, Ohio
…His works are diverse and numerous, including no...
Vireo griseus (English name) Vireogriseus
… [Hiroyuki Morioka]. … *Some of the terminology ...
Rail - rail (English spelling)
A steel strip with a special cross-sectional shap...