Gresham's law India. Gresham's law states that any circulating currency consisting of both "good" and "bad" money (both forms required to be accepted at equal value under legal tender law) quickly becomes dominated by the "bad" money. This is because people spending money will hand over the "bad" coins rather than the "good" ones, keeping the "good" ones for themselves. Legal tender laws act as a form of price control. In such a case, the intrinsically less valuable money is preferred in exchange, because people prefer to save the intrinsically more valuable money. Consider a customer purchasing an item which costs five
The Good, the Bad & the Queen that the band itself is unnamed, and that "The Good, The Bad & The Queen" is simply the name of the album only. However, all future releases by the band are clearly credited as "The Good, The Bad & The Queen". It should also be noted the band's first single release ("Herculean") was issued months before the album ever came out – at which time, publicity materials identified the band as The Good, The Bad & The Queen and no one claimed that the band was unnamed. "The Good, the Bad & the Queen" is used exclusively as the name