Near Money (or quasi-money) corresponds to a certain type of financial assets without risk and that due to the great quickness and easiness with which are convertible into money come close to effectively be the money. Some examples of the near money are the Treasury bonds and savings deposits.
When the money offer is analyzed, are usually analyzed two aggregates:
- the M1 aggregate, or money for transactions, which includes metallic money, paper money (being, the bank bills) and the demand deposits (being, the deposits which are directly moveable by check or other instrument as debit cards;
- the M2 aggregate, or money on a broad sense, that beyond the money for transaction, includes the near money.
The distinction between the money for transactions and the near money is the fact that the near money cannot be used as a trade mean for all purchases. However, the fact of being able to be converted in payment methods very quickly and without loss of value makes those assets in ways of near money, from there its designation.
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