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Poorer medium of exchange and unit of account

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Gold maybe a better store of value than US money, but it would function as a poorer medium of exchange and unit of account than US money. Do you agree with this statement? If yes, please explain why you agree. If no, please explain why you disagree.

Commercial banks are very profitable, year after year. How do banks maintain such strong profitability?

Reference no: EM131357710

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