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.

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Definitions:

Categorical Imperative

A foundational concept in Kantian moral philosophy asserting that one must act according to maxims that can be universally applied as a law for everyone.

Golden Rule

A moral maxim that encourages treating others as one would like to be treated, found in many religions and ethical systems.

Deontology

A normative ethical theory that emphasizes duties and rules, holding that actions are morally obligatory, permissible, or forbidden primarily in virtue of their adherence to objective moral norms.

Deontology

An ethical theory that suggests actions should be judged based on whether they adhere to a set of rules or duties, regardless of the consequences.