4 ms·
No. The arbitrary definition of 'money' being used by the article is the UK's M4 (https://www.bankofengland.co.uk/statistics/details/further-details-about-m4-da
by OscarCunningham 4y ago
No. The arbitrary definition of 'money' being used by the article is the UK's M4 (https://www.bankofengland.co.uk/statistics/details/further-details-about-m4-data https://www.bankofengland.co.uk/statistics/details/further-d...). This basically includes bank accounts along with any cash held outside banks. Since Alice isn't a bank, her IOUs don't count.