By that logic bank notes are not cash, only coins are cash.
Look at a bank note and read what it says: " I promise to pay the bearer on demand the sum of five/ten/twenty/fifty pounds" the the signature of the governer of the Bank of England (or whichever Scottish bank issued it). They’re literally promissory notes in lieu of cash.
They’re literally promissory notes in lieu of cash.
What you said literally means “instead of cash”.
They’re literally promissory notes in lieu of cash.
They are NOT cash if they are something to exchange instead of cash. More likely you bank notes are considered cash, but your bank notes are also not checks. Because checks are not cash.
if you define cash to exclude any cash instruments except coins and bills, then I guess you are entitled to your own reality. for everyone else, checks will still be cash
A paper check is not cash. A credit score is not cash. Physical backed currency in your hand is cash
paper checks are cash
No
wrong
Cash is cash, as in paper or coin money.
Checks are not cash, they are paper that represents money, generally issued by banks.
Checks are not cash.
By that logic bank notes are not cash, only coins are cash.
Look at a bank note and read what it says: " I promise to pay the bearer on demand the sum of five/ten/twenty/fifty pounds" the the signature of the governer of the Bank of England (or whichever Scottish bank issued it). They’re literally promissory notes in lieu of cash.
Do you call your bank notes checks? I was explicitly disputing checks.
We have paper money that is cash. Sounds like you don’t have that, but that doesn’t mean checks are cash.
No, they’re notes. What I’m saying is your logic applies equally to bank notes as it does to cheques.
What you said literally means “instead of cash”.
They are NOT cash if they are something to exchange instead of cash. More likely you bank notes are considered cash, but your bank notes are also not checks. Because checks are not cash.
if you define cash to exclude any cash instruments except coins and bills, then I guess you are entitled to your own reality. for everyone else, checks will still be cash
You have that backwards.
Everyone except for you knows that checks aren’t cash.
wrong
And guess what cash doesn’t need to actually work, unlike credit, checks and crypto.
An economy?
All four of them require that.