In economics, Gresham’s law refers to a fiscal principle regarding government spending programs to help the poor to promote equality a monetary principle regarding the dispersion of money given to the...

In economics, Gresham’s law refers to

1. a fiscal principle regarding government spending programs to help the poor to promote equality


2. a monetary principle regarding the dispersion of money given to the poor to promote equality.


3. legally undervalued currency will tend to drive out legally overvalued currency.


4. legally overvalued currency will tend to drive out legally undervalued currency.


5. currency debasement of fiat money, but does not apply to commodity money.