Answered

10. Which of the following does near money include?

A. Demand deposits and other checkable deposits
B. Traveler's checks and deposits in checking accounts
C. Deposits in savings accounts and money market mutual funds
D. Credit cards and debit cards



Answer :

GinnyAnswer

Final answer:

Near money includes savings accounts and money market mutual funds as part of the broader money category known as M2.


Explanation:

Near money includes savings accounts and money market mutual funds. These assets are part of a broader category of money known as M2, which encompasses assets that can be turned into spendable balances with little effort or cost.


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