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Quasi-money (US) - translation to arabic
ASSETS EASILY CONVERTED INTO CASH
Quasi-money; Near-money; Quasi money
Quasi-money (US)
شبيه النقود
Near-money
طبيعة العملة
Near money
شبه نقود
Definition
near money
¦ noun Finance assets which can readily be converted into cash, such as bills of exchange.
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.
