Answer the question on the basis of the following list of assets: 1.Large-denominated ($100,000 and over)time deposits
2)Noncheckable savings deposits
3)Currency (coins and paper money)in circulation
4)Small-denominated (under $100,000)time deposits
5)Stock certificates
6)Checkable deposits
7)Money market deposit accounts
8)Money market mutual fund balances held by individuals
9)Money market mutual fund balances held by businesses
10)Currency held in bank vaults
Refer to the given list.Which of the following are considered to be "near-monies?"

Question

Quizplus · Accepted Answer

Near-monies are assets that are highly liquid and can be easily converted into cash. They are not considered as money but can be easily converted into cash. Items 2, 4, 7, and 8 (noncheckable savings deposits, small-denominated time deposits, money market deposit accounts, and money market mutual fund balances held by individuals) are considered near-monies because they can be converted into cash relatively quickly.

Answer the Question on the Basis of the Following List