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deposits in savings accounts and money market mutual funds

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9y ago

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Which of the following does near money include?

deposits in savings accounts and money market mutual funds.


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What is the difference between money and near 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.


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What is a major difference between money and near money?

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.


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Around 450-500 million. Near 500 if you include house and cars, lower if you're talking just bank.


What is near money?

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What are the types of near money?

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.