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Gresham's Law Is Most Applicable to Which of the Following

question 5

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Gresham's law is most applicable to which of the following monetary system?


Definitions:

Retailers

Intermediaries who buy products from manufacturers (or other intermediaries) and sell them to consumers for home and household use rather than for resale or for use in producing other products.

Ultimate Consumers

The end-users or buyers who purchase products or services for personal use and not for manufacturing or resale purposes.

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