BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fiat money
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Bank Draft
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Treasury Bills
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50 paise coins
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Detailed explanation-1: -Savings accounts, deposit certificates (CDs), foreign currencies, money market accounts, marketable securities, and Treasury bills are examples of near-money assets.
Detailed explanation-2: -’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. These are sometimes also referred to as ‘quasi-money’. Was this answer helpful?
Detailed explanation-3: -Examples of near money include: Savings accounts. Money market funds. Bank time deposits (certificates of deposit)
Detailed explanation-4: -Examples of Near Money: Savings accounts. Government treasury securities (T-bills) Money market securities.