The Concept of "Near Money" Refers to

question 116

Multiple Choice

The concept of "near money" refers to

• A)money substitutes such as credit cards.
• B)cheques on demand deposits.
• C)financial assets whose capital values are too unstable for them to be classified as money.
• D)assets that fulfill the temporary store-of-value function but not the medium-of-exchange function.
• E)assets that fulfill the medium-of-exchange function but not the store of value function.

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Definitions:

Bread Shortage

A situation where the supply of bread is insufficient to meet the demand, often resulting in increased prices and limited availability.

Supply Function

A mathematical representation showing the relationship between the quantity of a good that producers are willing to sell and the price of that good.

Groschens

Historically, small coins used in various European countries, symbolizing a small amount of currency.

Coconuts

A large, nutritious tropical fruit with a hard shell, edible white flesh, and clear liquid inside, often used in food and beverages.