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Question
Which of the following is near money?
Which of the following is near money?
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Solution
The correct option is D All the three
Near money refers to the non-cash assets which can be readily converted into cash due to there high liquidity nature. For example: bill of exchange, savings bond and gilt edged securities are near money as they are liquid assets which can be easily converted into cash.
Near money refers to the non-cash assets which can be readily converted into cash due to there high liquidity nature. For example: bill of exchange, savings bond and gilt edged securities are near money as they are liquid assets which can be easily converted into cash.
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