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