Gresham's Law Predicts That

question 96

Multiple Choice

Gresham's law predicts that

• A)good money drives out bad money.
• B)money is neutral in the long run.
• C)undebased money will be driven from circulation.
• D)debased money will be driven from circulation.
• E)debased money will circulate with undebased money.

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Definitions:

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The degree to which a test predicts or correlates with a specific outcome or behavior it is designed to assess.

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Francis Galton

An English polymath who made significant contributions to the fields of statistics, psychology, and biometrics, and is known for his research into the measurement of human intelligence and the concept of eugenics.

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The process of creating genetically identical copies of a biological entity.