Solved UPSC CDS/OTA Question
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Q · Money and Types of MoneyEasy · 45s
Q₁₀. Which of the following correctly describes Gresham’s Law?
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyEasy
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Gresham’s Law says that legally overvalued (bad) money drives undervalued (good) money out of circulation.
Final Answer: Option A - Bad money drives out good money