Near-monies are important:
A)because they are likely to affect the level of consumer spending.
B)because they can be converted into chequable deposits and thereby affect macroeconomic stability.
C)because they complicate defining money and therefore complicate the formulation of monetary policy.
D)for all of the above reasons.

Question

Quizplus · Accepted Answer

Near-monies are important for all of the above reasons. They have the potential to affect the level of consumer spending, can be converted into chequable deposits and affect macroeconomic stability, and complicate defining money and thereby complicate the formulation of monetary policy.

Near-Monies Are Important