Near_money
Near money
Assets easily converted into cash
Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash.
This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (November 2021) |
Examples of near money include:
- Savings accounts
- 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 US dollar, euro or yen.
Near money is not included in narrowly defined versions of the money supply, but broader versions include some types of near money.