Near monies
A) include all ﬁnancial and real assets that can be easily converted into currency.
B) are certain highly liquid ﬁnancial assets that do not function directly as a medium of exchange but can be readily converted into M1.
C) are excluded from M2 because they are highly liquid.
D) are deﬁned as monetary balances that are immediately available, at zero cost, for household and business transactions.

Question

Quizplus · Accepted Answer

Near monies are highly liquid financial assets that cannot be used for direct transactions but can be easily converted into M1, such as savings accounts, money market securities, and time deposits.

Near Monies