Which statement is incorrect?
A) Near money cannot be drawn upon instantaneously but is nonetheless accessible.
B) Near money includes money market mutual fund accounts with check-writing features.
C) Near money includes savings accounts.
D) Near money includes individual stocks and bonds.

Question

Quizplus · Accepted Answer

Near money refers to assets that can easily be converted into cash, but are not actual cash themselves. Individual stocks and bonds are not considered near money as they cannot be readily accessed or converted into cash without first being sold.

Which Statement Is Incorrect