Define the term 'near money'. – InterviewSolution

1.	Define the term 'near money'.
Answer» Hey.... Here is the answer...... Near money is an economics TERM describing non-cash assets that are highly liquid, such as BANK deposits, certificates of deposit (CDs) and TREASURY Bills. Central banks, economists, and statisticians may utilize near money when determining the current M2 money supply. Near money refers to assets that can be quickly CONVERTED into cash. Near money is also called quasi-money.

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