Near money

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Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash.

Examples of near money include:

• Savings accounts
• Money market funds
• Bank time deposits (certificates of deposit)
• Government treasury securities (such as T-bills)
• Bonds near their redemption date
• Foreign currencies, especially widely traded ones such as the US dollar, euro or yen
• Crypto Assets.

Near money is not included in narrowly defined versions of the money supply, but broader versions include some types of near money.