Near money includes:
A) some of M2 and some of M1.
B) some of M2 but none of M1.
C) only the money in M3 that is no longer collected.
D) hard assets such as land.

Name: Near money includes: A) some of M2 and some of M1. B) some of M2 but none of M1. C) only the money in M3 that is no longer collected. D) hard assets such as land.
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Question

Quizplus · Accepted Answer

Near money refers to assets that are not cash but can be quickly converted into cash, such as savings accounts and time deposits, which are part of M2 but not M1.

Near Money Includes