What are the types of near money?

Answer 1

Near money refers to financial assets that are not cash but can quickly be converted into cash or used for transactions. The primary types include savings accounts, treasury bills, and certificates of deposit (CDs), as they can be easily liquidated. Other examples are money market accounts and certain short-term government bonds. These assets provide liquidity while still earning interest, making them a valuable part of an individual's or institution's financial portfolio.