A.
a financial instrument that is readily convertible to cash
B.
government financial instrument that is convertible to cash
C.
time deposits with low interest rates
D.
a financial asset that is convertible to cash
Correct Answer: Option D
Explanation
Near money refers to non-cash assets that are highly liquid and easily converted to cash. They are sometimes referred to as quasi-money or cash equivalents. Examples of near money are: Savings accounts held in commercial banks
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