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单词 gresham's law
释义 gresh·am's law
\ˈgreshəmz-\ noun
Usage: usually capitalized G
Etymology: after Sir Thomas Gresham died 1579 English financier
: an observation in economics: when two coins are equal in debt-paying value but unequal in intrinsic value, the one having the lesser intrinsic value tends to remain in circulation and the other to be hoarded or exported as bullion
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