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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