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Default To paste link or to =cell ref??

Please could someone explain to me the difference between using the paste
link function & the €œ= cell ref€ function to link cells between workbooks. (I
find link paste useful as I can link large numbers of cells at one time where
as I have to use the €œ=€ method for each cell. Maybe there is a way to do
large numbers of cells with the €œ=€ method?)
Thanks

 
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