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Near money

 
Banking Dictionary: Near Money

Liquid assets, such as time deposits, Treasury bills, and other short-term government securities, that are easily converted to cash on short notice. Near money is, however, excluded from the narrowest definition of the Money Supply because, unlike checking accounts and cash, it does not function as a medium of exchange in everyday purchases of goods and services.

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Near money (synonym: quasi-money) is a term used in economics to describe highly liquid assets that can easily be converted into cash.

Various sources provide the following examples of near money:

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Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Near money" Read more