Which of the following is UNTRUE?
A) Near money cannot be drawn on instantaneously but is nonetheless accessible.
B) Near money includes money market mutual fund accounts with check writing features.
C) Near money includes savings accounts.
D) Near money includes individual stocks and bonds.

Question

Quizplus · Accepted Answer

Near money refers to assets that can be quickly converted into cash, but are not themselves a medium of exchange. Individual stocks and bonds are not typically included in the category of near money because they may not be easily liquidated and therefore cannot be quickly converted into cash.

Which of the Following Is UNTRUE