The savings deposit in a commercial bank is called____________?

Tymix54

7 years ago

A Near money

Near money or quasi-money consists of highly liquid assets which are not cash but can easily be converted into cash. Examples of near money are as follows: Savings accounts. Money market funds. Bank time deposits (certificates of deposit)

Deepthinker581

4 years ago

Examples of near money assets include savings accounts, certificates of deposit (CDs), foreign currencies, money market accounts, marketable securities, and Treasury bills (T-bills).

The answer is A
Near money

Mhiztazhalensky

5 years ago

Myschool oo oo capital is a man made assets use up in course of production abeg jorr

colikstan

3 years ago

Near money is money that can easily converted to money.
A. Is correct

Itunuokunade

3 months ago

it near money

Praokp25

5 months ago

the correct answer is option a