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 ?
Broad money supply (narrow money plus quasi-money) grew 2.6 per cent RO16.8bn as at the end of February compared to a year ago period.
Broad money supply M2 (M1 plus quasi-money) stood at RO16.8 billion as at the end of February 2019 and witnessed a growth of 2.6 percent over that in the corresponding period of last year.
Broad money supply M2 (M1 plus quasi-money) stood at OMR16.5 billion, recording a YoY rise of 2.6 per cent at the end of September 2018.
Since the inflation rate has a strong association with the monetary sector, especially money supply, increasing in narrow money and quasi-money may affect inflation rate in the country.
A slowdown in foreign currency deposit growth up 28.8 per cent y/y, which contracted for the second month in a row on a monthly basis, helped contain quasi-money growth in November.
The balance of CDs surged 11.7 percent to 25.8 trillion yen while the balance of quasi-money, which largely consists of time deposits, rose 2.7 percent to 553.8 trillion yen.
June M3 grew more slowly after quasi-money - which includes savings and time deposits in dinars, as well as foreign currency deposits - rose 18.7 percent to KD15.68 billion in June, down 2.4 per cent from May.
Quasi-money - which includes savings deposits and time deposits in dinars, as well as foreign currency deposits - grew 21.3pc to 15.83bn dinars, down from 18.5pc the month before.
Community currencies are quasi-money used in specific communities as payment for goods and services procured within the community.
CBE elaborated in a report that the increase in domestic liquidity reflected on near money "quasi-money" by about LE 220.4 billion with a rate of 7.6 percent, and on Money supply by about LE 20 billion or 2.4 percent.
However, quasi-money (Rial Omani saving and time deposits, certificates of deposit issued by banks, margin deposits and foreign currency denominated deposits) witnessed a growth of 12.1 percent during this period.
Muscat: Broad money supply M2 (M1 plus quasi-money) of banks in Oman stood at OMR16.5 billion as of the end of August 2018 and grew by 2.4 per cent during the same period.

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