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      Question

      Which among the following assets are considered as 'Near

      Money'?
      A Bonds Correct Answer Incorrect Answer
      B T-Bills Correct Answer Incorrect Answer
      C Traveler’s cheques Correct Answer Incorrect Answer
      D Time deposit Correct Answer Incorrect Answer
      E All of the above Correct Answer Incorrect Answer

      Solution

      Near money refers to assets that can be quickly converted into cash. They are also called quasi-money. Examples of near money are:   - Bonds near their redemption date   - Government treasury securities (such as T-bills)   - Traveler’s cheques   - Bank time deposits (certificates of deposit)   - Savings accounts   - Money funds   - Foreign currencies, especially widely traded ones such as the US dollar, euro or yen etc.

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