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.