Meaning of quasimoney | Babel Free

Definitions

Synonym of near money.

uncountable

Examples

“If banks were not required to hold 100 percent reserve requirements over quasi-money, the system would create something unique to the banking sector, that is, it would transform money into credit.”

“[…] it compiles (and disseminates) a Monetary Survey that provides consolidated and adjusted balance sheets of the central bank (which issues cash in circulation) and of the deposit money banks (which issue deposit money and quasimoney).”

CEFR level