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Which among the following is not an example of near money?
- ASaving Accounts
- BEquity share
- CGovernment Treasury Bills
- DCurrency notes
Answer not set
Discussion 1
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CCommunity
- Currency notes are not an example of near money.
- The difference between money and near money is of liquidity. Near money includes highly liquid assets that can easily be converted into cash.
- E.g. saving accounts, equity shares, government T-bills etc.
- The difference between money and near money is of liquidity. Near money includes highly liquid assets that can easily be converted into cash.
- E.g. saving accounts, equity shares, government T-bills etc.