A "near money" is an asset that can be
A)indistinguishable from commodity money.
B)spent easily.
C)a close substitute for money.
D)only issued by a bank.

Question

Quizplus · Accepted Answer

A "near money" is not actually money, but is a financial instrument that can be easily converted into cash or used as a substitute for cash. Examples of near money include savings accounts, money market accounts, and short-term government bonds. These assets are not considered as liquid as cash, but can be easily converted into cash relatively quickly.

A "Near Money" Is an Asset That Can Be