B. Time deposits, savings deposits and other highly liquid assets
C. Currency notes and coins only
D. Only demand deposits
Answer: Option B
Solution (By JKSSB Mock Tests)
Near money refers to assets that are highly liquid and can be converted into cash quickly with minimal loss of value, such as time deposits and certain money market instruments.
Explanation:
As per the Monetary Policy Framework Agreement, the primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth.
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