ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which among the following assets are considered as 'Near

    Money'?
    A Bonds Correct Answer Incorrect Answer
    B T-Bills Correct Answer Incorrect Answer
    C TravelerтАЩs cheques Correct Answer Incorrect Answer
    D Time deposit Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Near money refers to assets that can be quickly converted into cash. They are also called quasi-money. Examples of near money are: ┬а - Bonds near their redemption date ┬а - Government treasury securities (such as T-bills) ┬а - TravelerтАЩs cheques ┬а - Bank time deposits (certificates of deposit) ┬а - Savings accounts ┬а - Money funds ┬а - Foreign currencies, especially widely traded ones such as the US dollar, euro or yen etc.

    Practice Next
    More Financial Management Questions

    Relevant for Exams:

    ask-question