Post Utme Mountain Top University 2025 Commerce Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Mountain Top University Commerce examination.

Post Utme Mountain Top University 2025 Commerce Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • COMMERCE • objective

The concept of 'Gresham's Law' in international trade suggests that _______

Answer Options

A. good money drives out bad money
Correct Answer B. bad money drives out good money
C. foreign currency drives out local currency
D. local currency drives out foreign currency
Correct Answer
B
Correct Option:
bad money drives out good money

About This Question

This is Post Utme Mountain Top University 2025 Commerce Question 16. It is one of the objective questions from the 2025 Post Utme Mountain Top University Commerce examination.

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