Near money

From Wikipedia, the free encyclopedia

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 US dollar, euro or yen.

[edit] See also

• Money supply