The concept of "near money" refers to
A) money substitutes such as credit cards.
B) cheques on demand deposits.
C) financial assets whose capital values are too unstable for them to be classified as money.
D) assets that fulfill the temporary store-of-value function but not the medium-of-exchange function.
E) assets that fulfill the medium-of-exchange function but not the store of value function.
Correct Answer:
Verified
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