Question

Which of the following is /are example (s) of ‘Near Money’?

1. Treasury Bill

2. Credit Card

3. Saving accounts and small time deposits

4. Retail money market mutual funds

Select the correct answer using the code given below:

A 1 only Correct Answer Incorrect Answer
B 2 only Correct Answer Incorrect Answer
C 1, 2 and 3 Correct Answer Incorrect Answer
D 1, 3 and 4 Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Near Money is a term used in economics to describe highly liquid assets that can easily be converted into cash.

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