I found a curated shop that heavily relies on store credit (or more accurately stated, a network of stores who rely on this credit)
- Is it accurate to call this system mostly M2 money?
- Does the depth and reach of the products and services change the classification? (e.g. Amazon points vs a small retailer also with points)
When looking at this from an economic perspective, this seems similar to Credit Card points, Airline Miles, and XBox points.
- Is there any authoritative source that explicitly states that store credit is M2 money? (or elaborates on it in a way this question can relate to)
5 years ago I did find such a source, but now I'm at a loss in locating it. Investopedia, Wikipedia, and I've likely looked at many other -pedias and *.stackexchange.com and came up empty handed for my purposes.
Googling "M2 Credit Card points" resulted in me getting 20 advertisements, and will likely haunt me as I surf the net with advertisements for a Capital One card. <-- if you intend to help, learn from this experience and use an incognito browser ;)