The term 'Near money' is best described as

a financial instrument that is readily convertible to cash

government financial instrument that is convertible to cash

time deposits with low interest rates

a financial asset that is convertible to cash

Correct Option

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2 months ago

the answer is A oooo

3 years ago

the answer is d
Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash.

4 years ago

Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash.

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