Why are time deposits and savings accounts referred to as near money assets?
a. They cannot be used to pay for something directly but can be quickly converted to money.
b. They have not been officially declared to be money by the government but can still be used to pay for things.
c. They contain the money that banks must hold in reserve.
d. They earn interest, and thus are nearly always increasing in value.
a. They cannot be used to pay for something directly but can be quickly converted to money.
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The idea of a currency union was initially proposed by:
A) John Maynard Keynes. B) Paul Samuelson. C) Robert Mundell. D) Alan Greenspan
Which of the following would NOT be investment?
A. a baking company buying a new oven B. a car dealership adding to the number of cars it has to sell to its customers C. a just-completed home is sold to a household D. a household buing stock in a company