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What are the Merits of Monometallism?

Monometallism avoids the operation of Gresham's law. According to this law, when both good as well as bad money exist in the economy, bad money tends to drive out of circulation good money.

By |2010-12-28T09:35:17+00:00December 28, 2010|Banking|Comments Off on What are the Merits of Monometallism?
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