near money

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Related to Quasi-money: Dear 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 ?
Companies were generally reluctant to make fresh capital investment and put their money at hand in CDs and quasi-money for short-term cash management, contributing to their balance growth, a BOJ official said.
The CBO report added that quasi-money (RO savings and time deposits, certificates of deposit issued by commercial banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 7.
Quasi-money (OMR savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 11.
Quasi-money (RO savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 8.
Three money supply indicators--M1A, M1B and M2--are used to monitor monetary markets on the island, with M1A representing currency in circulation, checking accounts, and passbook deposits; M1B being M1A plus passbook savings; and M2 being M1B plus quasi-money, including term and savings deposits, foreign currency deposits, and postal savings deposits.
M2 consists of cash in circulation, demand deposits, quasi-money consisting largely of time deposits, and certificates of deposit at domestic banks including Japanese branches of foreign banks.
The average daily balance of M2 -- cash in circulation, demand deposits and quasi-money -- plus certificates of deposit (CDs), came to 651.
The CBO bulletin said that quasi-money (savings and time deposits in Omani rials, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 11.
The M1A refers to the currency in circulation, checking accounts, and passbook deposits; the M1B is M1A plus the passbook savings deposits; and the M2 is the M1B plus quasi-money, including time and savings deposits, foreign currency deposits, and postal savings deposits.
M2 consists of cash in circulation, demand deposits, quasi-money which consists largely of time deposits, and certificates of deposit at domestic banks including Japanese branches of foreign banks.
Quasi-money (in Omani rials savings and time deposits, certificates of deposits issued by commercial banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 9.
M1A shows currency in circulation, checking accounts, and savings account deposits; M1B is M1A plus savings account deposits; and M2 includes quasi-money, including term and savings account deposits, foreign currency deposits, and postal savings deposits.

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