Gresham’s theorem

Gresham’s theorem
Gresham’s law, Gresham’s theorem [ˈɡreʃəmz] s greshamsches Gesetz (Beobachtung, dass von zwei nebeneinander zirkulierenden und mit gleicher gesetzlicher Zahlungskraft ausgestatteten Geldarten die aufgrund ihres Materials für wertvoller angesehene Geldart aus dem Zahlungsverkehr verschwindet und gehortet wird)

English-german dictionary. 2013.

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