Assets that can readily be converted into cash, such as government bonds.
- ‘But as technology continues to revolutionize our financial system, the identification of particular claims as money, near money, or a store of future value has become exceedingly difficult.’
- ‘Such near money might become an attractive alternative to demand deposits.’
- ‘The solution suggested is ad hoc, and the problem of controlling inflation could be treated better by the control of the money supply and the near money substitutes.’
near money/ˈni(ə)r ˈmənē/
We take a look at several popular, though confusing, punctuation marks.