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Near Money
(redirected from Quasi Money)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.


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Quasi money (comprising RO savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) increased by 5.
The average daily balance of M2 -- cash in circulation, demand deposits and quasi money -- plus certificates of deposit (CDs), came to 651.
The balance of quasi money -- money in time deposits, deferred savings, yen deposits by nonresidents and foreign-currency deposits -- contracted 1.
 
 
 
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