Question

what do you mean by near money

Answer 1

Hello buddy..

Near cash reffers to Non cash but liquid assets (such as gilt edged securities) that can be easily converted into cash but are not used as a medium of exchange in everyday transactions. Depending on its type, a near money may or may not be included in a definition of money supply.....

Hope it helps you..
Thanks!!!!!

Answer 2

Near money refers to assets that can be quickly converted into cash. Also called quasi-money.