JKSSB Mock Tests

Which of the following is referred to as 'Near Money'?

A. National savings deposits
B. Coins
C. Bank money
D. Currency notes
Answer: Option A
Solution (By JKSSB Mock Tests Team)
'Near money' refers to highly liquid assets, such as savings deposits and treasury bills, which can easily and quickly be converted into cash but cannot be used directly as a medium of exchange.
This Question Belongs to: General knowledge mcqs Economics set 1

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