BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is not an example of near money?
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Bill of exchange
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Govt. bonds and debentures
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Equity shares of Ranbaxy company limited
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Treasury bills of the Government of India
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Explanation:
Detailed explanation-1: -A few examples of near money are treasury bills, bank deposits, bonds, and money markets, etc. Cash like paper notes and coins are not near money.
Detailed explanation-2: -Examples of near money assets include savings accounts, certificates of deposit (CDs), foreign currencies, money market accounts, marketable securities, and Treasury bills (T-bills).
Detailed explanation-3: -’Near Money’ refers to non-cash assets which are highly liquid, such as bank deposits (saving deposits, current deposits etc), treasury bills, money markets, widely traded foreign currencies etc.
Detailed explanation-4: -The cheque is also called “near money”.
There is 1 question to complete.