Which of the Below Statements Is TRUE

Multiple Choice

Which of the below statements is TRUE?

A) "Near money" is a financial asset that is used as a medium of exchange or in settlement of transactions.
B) In the United States, money consists of currency and a very few forms of deposits that permit check writing.
C) "Near money" is very close to "money" in that it can be transformed into money at little cost, delay, or risk.
D) "Faraway money", in the case of the United States, includes (i) time and savings deposits and (ii) a security issued by the U.S. government called a Treasury bill.