Near money

Near money are assets that are almost as useful as money for engaging in transactions and, therefore, are close substitutes for money. Neoclassical model of investment]]. The theory according to which investment depends on the deviation of the marginal product of capital from the cost of capital.

Definition

According to Macroeconomics by Mankiw (7th edition),

Near money. Assets that are almost as useful as money for engaging in transactions and, therefore, are close substitutes for money. Neoclassical model of investment]]. The theory according to which investment depends on the deviation of the marginal product of capital from the cost of capital.