The concept of “near money” refer to
a) Financial assets whose capital values are too unstable for them to be classified as money
b) Assets that fulfill the medium-of-exchange function but not the store of value function
c) Assets that fulfill the temporary store-of-money function but not the medium of exchange function
d) Checks on demand deposits
The concept of "near money" refer toa) Financial assets whose capital values are too unstable for them to be classified as moneyb) Assets that fulfill the medium-of-exchange function…