Near-monies are financial assets that can be easily converted into cash or checking deposits but do not function directly as a medium of exchange. Based on this definition, the characteristics of near-monies from your list would be:
- Do not function directly as a medium of exchange
- Can be readily converted into checkable deposits
The other options, such as "Cannot be readily converted into currency" and "Highly illiquid," do not characterize near-monies, as they are generally liquid and can be converted into cash or checking deposits.