Gains from trade may be realized if opportunity costs between two countries are Different Or Identical The gains from specialization and trade depend on the existence of? Comparative advantage Or Absolute advantage M1 includes -coins, paper money and demand deposits in chartered banks -made for the use of money -chequing accounts -appreciates the local currency Token money -items sellers accept and buyers use to pay for a good or service. -the exchange of one good or service for another good or service -provides the lifeblood of the circular flow of income and expenditure. -Intrinsic value is less than the face value

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