Post Utme Igbinedion University 2024 Commerce Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Igbinedion University Commerce examination.

Post Utme Igbinedion University 2024 Commerce Objective / Multiple Choice

Question 36 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • COMMERCE • objective

The concept of 'Gresham's Law' in International Trade implies that:

Answer Options

Correct Answer A. Bad money drives out good money

B. Good money drives out bad money

C. Trade deficits lead to economic growth

D. Trade surpluses lead to economic growth

Correct Answer

Correct Option:

Bad money drives out good money

About This Question

This is Post Utme Igbinedion University 2024 Commerce Question 36. It is one of the objective questions from the 2024 Post Utme Igbinedion University Commerce examination.

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