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What is the definition of money, according to Kemp?

User Quan Vuong
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Answer: According to Kemp, the definition of money is value that we have agreed upon to pay or receive in a set duration of time.

User Vexe
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Answer:

Money is just value that we agree to receive or deliver to the party.

Step-by-step 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.

User Konstantin Bodnia
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