near money

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Related to Quasi Money: money supply, fiat money

Near money

Assets that are easily convertible into cash, such as money market accounts and bank deposits.

Near Money

A highly liquid asset that may easily be converted to cash. Examples include savings accounts, bonds (especially near their maturities), and money markets. Central banks and statisticians sometimes, but not always, use near money when computing the money supply. See also: M2.

near money

Assets that can be converted quickly and easily into cash with virtually no loss in value. Examples of near money are savings account balances and Treasury bills.

near money

any easily saleable (liquid) ASSET that performs the function of MONEY as a STORE OF VALUE but not that of a universally acceptable MEDIUM OF EXCHANGE. CURRENCY (notes and coins) serves as a store of value and, being the most liquid of all assets, is universally accepted as a means of PAYMENT. However, building society deposits, National Savings deposits and Treasury bills are, respectively, less and less readily acceptable in their present form for making payments, and thus function as ‘near money’. See MONEY-SUPPLY DEFINITIONS.
References in periodicals archive ?
The average daily balance of M2 -- cash in circulation, demand deposits and quasi money -- plus certificates of deposit (CDs), came to 651.
The main driver of the decline m/m was quasi money (fx and longer term dirham deposits) which fell -1.
Quasi money -- RO savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits -- increased by 9.
As for quasi money, (which consists of all other types of deposits in local currency and foreign currency except on-demand deposits in local currency) it has increased by 19.
In the first nine months of 2007, the quasi money witnessed an increase of 25.
The balance of quasi money -- money in time deposits, deferred savings, yen deposits by nonresidents and foreign-currency deposits -- contracted 1.
1 per cent m/m decline in quasi money (FX and longer term AED deposits), which offset the 2.
Quasi money (comprising RO savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 9.
Quasi money (comprising rial Omani savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 15.
Quasi money (comprising rial savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 20.
The April balance of quasi money -- consisting of money in time-deposits, deferred savings, yen deposits by nonresidents and foreign-currency deposits -- contracted 1.
Quasi money (fx and long term dirham deposits) growth accelerated to 20.