劣币 meaning in Chinese
sinker
Examples
- How can a bad coin read its own face value though
一枚劣币，又怎能看见它自己的面值？ - But this is on the assumption that the community will accept the bad money and not demand the good money as a medium of exchange
当然，以上的推论是建基于大众会接受劣币例如是通过法律规定，不会硬要以良币作为交易媒介的假设。 - But if the exchange rate is somehow fixed , then the perception of good and bad may be formed , probably on the basis of the reputation of the mints , the relative liquidity of the currencies and other considerations
不过，若汇率在某程度上是固定的，则对于良币与劣币的观念，大概是建基于铸币厂的信誉有关货币的相对流动性，以及其他考虑因素。 - The intrinsic values of the two currencies could be equalised through a freely determined exchange rate , and possibly through interest rates , if there is a reliable market for it , in which case it would be difficult to choose between the good money and the bad
若有可靠的市场存在，两种货币的内在价值可以透过汇率以至利率达至平衡，在这种情况下便难以在良币与劣币两者中间作出选择。 - From the angle of investors and the market , the counter eliminating market of gresham ' s law ( the bad money will drive out good ) will be formed , because a large number of listed companies abuse the earnings management systematically and lastingly , which , together with the ineffective supervision , will pose a direct threat to the existence and development of the chinese market
因为从投资者和市场角度来说，大批上市公司系统与持续性的滥用盈余管理和长期缺乏有效监管将形成劣币驱逐良币的逆向淘汰市场，从而直接威胁我国证券市场的生存和发展。