Post Utme Lead City University 2025 Commerce Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2025 Commerce Objective / Multiple Choice

Question 26 POST_UTME_LEAD_CITY_UNIVERSITY • 2025 • COMMERCE • objective

The concept of 'Gresham's Law' in International Trade is best described as:

Answer Options

A. The tendency of a country to export its goods and services.

Correct Answer B. The law that states that bad money drives out good money.

C. The idea that a country's trade balance is determined by its exchange rate.

D. The concept that a country's imports are always greater than its exports.

Correct Answer

Correct Option:

The law that states that bad money drives out good money.

About This Question

This is Post Utme Lead City University 2025 Commerce Question 26. It is one of the objective questions from the 2025 Post Utme Lead City University Commerce examination.

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