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
Alexander and the Terrible, Horrible, No Good, Very Bad Day Alexander says tomorrow things must not get any worse. On Saturday, January 13, 1990, the book was adapted into a 30-minute animated musical television special that was produced by Klasky Csupo and aired on HBO in the United States. While the special is mostly true to the book, the following differences are: This special features 12 more bad things for Alexander: The special also includes 4 good things to show the audience that even a bad day can have something good in it: Although mentioned, the three following bad things are not shown in the special: The special also included