Why is greshams law much of a problem in todays economy


Problem

Gresham's law says that bad money drives good money out of the marketplace. One example was the 1965 U.S. Coinage Act, which replaced silver quarters with "sandwich" coins made of a cheaper silver-nickel alloy. The pre-1965 quarters quickly vanished from circulation. Where did all the pre-1965 silver quarters go? Is Gresham's law much of a problem in today's economy with paper money and credit cards?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why is greshams law much of a problem in todays economy
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