Quasi-money is a special kind of asset.

Quasi- money is cash that has been transferred to non-cash form. Such funds are found in savings and term deposits on the balance sheet of commercial banks. Relate to the most liquid financial instruments traded in the market. This is how the International Monetary Fund defines quasi money . An appropriate interpretation can be found in the Dictionary of Business Terms.

Assets

quasi-money is
We turn to another source. This is the Explanatory Dictionary, compiled by S. Williams, Barry Braindley and Graham Betts. According to this source, quasi-money is a highly liquid freely traded asset. It can be used to pay certain, but not all types of debts. This type of funds is liquid, but inferior to coins and banknotes in this indicator. An example of such assets is bills of exchange / drafts. Quasi-money is not part of the money supply that is in circulation. Synonyms for this term include the concept of coupon.

State of aggregation

You should also look into the "Financial Dictionary". According to this source, quasi-money is a high-liquidity financial asset . They correspond to the level of aggregation M2, as well as M3. They can be transferred to check accounts without financial loss.

Other sources

quasi money
Now we turn to the "Modern Economic Dictionary", which was compiled by Starodubtseva, Lozovsky and Reisberg. According to this source, quasi-money is cash held in non-cash form in commercial banks on savings deposits. A similar definition is given by the Economic and Mathematical Dictionary. This source refers to the IMF methodology and indicates that we are talking about non-cash money that is placed on savings and term deposits in commercial banks. This concept is also found on the pages of the Handbook of a Technical Translator. However, the definition of this source exactly repeats the above and also refers to the International Monetary Fund. Also, for an explanation of this term, you can refer to the Encyclopedia of Law. According to this source, we are talking about regional money, funds for internal use. Sometimes such assets are issued by individual organizations, regions or districts. This type of cash is in cashless form on term deposits. A similar definition is given by the Big Economic Dictionary. He also defines this phenomenon as highly liquid assets.


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