What is Near Money?
Near Money Highly liquid financial assets that are not cash but can be easily converted to cash within a short period, such as treasury bills, certificates of deposit, or money market instruments.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Near Money” Used in Practice?
Economists include near money in broader monetary aggregates since these assets can be quickly liquidated for payments or investments.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Near Money?
Highly liquid financial assets that are not cash but can be easily converted to cash within a short period, such as treasury bills, certificates of deposit, or money market instruments.
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