Explain how money encourages specialization, and how specialization improves everyones standard of living. 4.* Could the dollar

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Explain how money encourages specialization, and how specialization improves everyone’s standard of living.

4.* Could the dollar still function as the unit of account in a totally cashless society?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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