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What (who) is Quasi-money (US) - currency - definition
ASSETS EASILY CONVERTED INTO CASH
Quasi-money; Near-money; Quasi money
Hard Currency
GLOBALLY TRADED CURRENCY THAT SERVES AS A RELIABLE AND STABLE STORE OF VALUE
Hard Currency; Hard currencies; Soft currency; Sound money; Safe-haven currency; Safe haven currency; Haven currency; Strong currency; Weak currency
The currency of a nation which may be exchanged for that of another nation without restriction. Sometimes referred to as convertible currency. Hard currency countries typically have sizeable exchange reserves and surpluses in their balance of payments. See: Soft Currency
Soft Currency
GLOBALLY TRADED CURRENCY THAT SERVES AS A RELIABLE AND STABLE STORE OF VALUE
Hard Currency; Hard currencies; Soft currency; Sound money; Safe-haven currency; Safe haven currency; Haven currency; Strong currency; Weak currency
The currency of a nation in which exchange may be made only with difficulty. Soft currency countries typically have minimal exchange reserves and deficits in their balance of payments. See: Hard Currency
hard currency
GLOBALLY TRADED CURRENCY THAT SERVES AS A RELIABLE AND STABLE STORE OF VALUE
Hard Currency; Hard currencies; Soft currency; Sound money; Safe-haven currency; Safe haven currency; Haven currency; Strong currency; Weak currency
(hard currencies)
A hard currency is one which is unlikely to lose its value and so is considered to be a good one to have or to invest in.
The government is running short of hard currency to pay for imports.
N-VAR
Wikipedia
Near money
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.
Near money is not included in narrowly defined versions of the money supply, but broader versions include some types of near money.
