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.
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.