MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

New Forms of Money

The cheque is...

Question

The cheque is also called:

A

Far Money

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Electronic Money

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Near Money

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Full-bodied Money

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
Near Money

The cheque is also called “near money”.

Suggest Corrections

thumbs-up

0

Similar questions

Full-bodied money is that money whose money value and commodity value are:

Q. Fill in the blanks with appropriate alternatives given in the brackets.
1) Medium of exchange is __________ function of money. (primary/secondary/contingent/ additional)
2) In the case of __________ coins, intrinsic value is less than their face value. (token/full bodied/representative/standard)
3) The most liquid asset is __________. (cheque/money/shares/debentures)
4) Introduction of __________ removed difficulties of barter. (metals/bank/money/shares)
5) In the initial stage of development, __________ was used. (credit money /paper notes/ metallic coins/commodity money)

Which of these is also called narrow money ?

Q. A cheque is fiat money.

High-powered money is also called:

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

New Forms of Money

ECONOMICS

Watch in App

explore_more_icon

Explore more

New Forms of Money

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon