Gresham's Law

question 195

Multiple Choice

Gresham's Law

• A) deals with the theory of regulatory forces in the economy.
• B) is the tendency for good money to drive bad money out of circulation.
• C) is the tendency for bad money to drive good money out of circulation.
• D) was passed in 1913, as part of the Federal Reserve Act.

---

Definitions:

Administratively Competent

Pertains to possessing the skills and ability to efficiently manage organizational processes and systems.

Diplomatically Emphasize

To highlight or make a point in a tactful and sensitive manner that respects all parties involved.

Overseas Assignments

Overseas assignments involve employees being sent to work in a country different from their own, typically by multinational companies, for a specific period to fulfill business objectives.

American Managers

Refers to the practices, styles, and cultural nuances of managers operating within the United States.