Near money
Near money (synonym: quasi-money) is a term used in economics to describe highly liquid assets that can easily be converted into cash.
Various sources provide the following examples of near money:
- Savings account
- Money market funds
- Bank time deposits (Certificates of deposit)
- Government treasury securities (such as T-bills)
- Bonds near their redemption date
- Foreign currencies, especially widely traded ones such as the Euro or Yen
See also
- Money Supply
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