Near Monies

question 6

Multiple Choice

Near monies

• A) include all financial and real assets that can be easily converted into currency.
• B) are certain highly liquid financial assets that do not function directly as a medium of exchange but can be readily converted into M1.
• C) are excluded from M2 because they are highly liquid.
• D) are defined as monetary balances that are immediately available, at zero cost, for household and business transactions.

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Definitions:

Advance in Technology

Advance in technology refers to the progressive development and innovation in technology that leads to more efficient processes, products, and services.

Human Capital

The economic value of an individual's skills, knowledge, and experience, considered in terms of the ability to perform labor to produce economic value.

Economic Cost

The total cost of choosing one action over another, including both explicit and implicit costs.