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单词 gresham's law
释义

WordReference Random House Unabridged Dictionary of American English © 2024
Gresham's law, [Econ.]
  1. Businessthe tendency of the inferior of two forms of currency to circulate more freely than, or to the exclusion of, the superior, because of the hoarding of the latter.
  • named after Sir T. Gresham 1855–60

Collins Concise English Dictionary © HarperCollins Publishers::
Gresham's law, Gresham's theorem n
  1. the economic hypothesis that bad money drives good money out of circulation; the superior currency will tend to be hoarded and the inferior will thus dominate the circulation
Etymology: 16th Century: named after Sir Thomas Gresham
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