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.
4 types of money... Commodity money, Receipt money, Fractional money, Fiat money
money is anything which is accepted as a medium of exchange. E. g. Hard cash say Rs 100 note. Near money is not money but very near to money say Bill of exchange, Deposit certificate.
money: it's real. you have it. near money: you can see it. you can almost touch it. but you don't have it. and you most likely never will.
The M2 category of money includes several types of monetary assets. Specifically, it encompasses all components of M1, which includes physical currency and demand deposits, plus savings accounts, time deposits under $100,000, and certain other near-money assets. M2 is often used as an indicator of the money supply in an economy, reflecting liquid assets that can be quickly converted to cash.
people use alot of different types of money and they love it but i dont kno what they use! Heheheeheheheh
4 types of money... Commodity money, Receipt money, Fractional money, Fiat money
How many types of money?
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money is anything which is accepted as a medium of exchange. E. g. Hard cash say Rs 100 note. Near money is not money but very near to money say Bill of exchange, Deposit certificate.
money: it's real. you have it. near money: you can see it. you can almost touch it. but you don't have it. and you most likely never will.
Love
The M2 category of money includes several types of monetary assets. Specifically, it encompasses all components of M1, which includes physical currency and demand deposits, plus savings accounts, time deposits under $100,000, and certain other near-money assets. M2 is often used as an indicator of the money supply in an economy, reflecting liquid assets that can be quickly converted to cash.
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people use alot of different types of money and they love it but i dont kno what they use! Heheheeheheheh