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11 November, 20:22

What is the definition of money, according to Kemp?

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  1. 11 November, 20:47
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    Money is just value that we agree to receive or deliver to the party.

    Explanation:

    Kemp says that the money is value that we have agreed upon to pay or receive in a set duration of time. Kemp also justifies it by saying that Bitcoin does the same but the only difference is that it is an electronic way to quantify the value and trade with it.
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