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What do you understand by the term 'near money'? - Economics

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प्रश्न

What do you understand by the term 'near money'?

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उत्तर

Near money means highly liquid assets which can be easily converted to cash at short notice, such as bank deposits and Treasury bills. It does not serve as a medium of exchange in our daily purchases of goods and services.

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पाठ 6: Meaning and Functions of Money - Exercise [पृष्ठ १३२]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 6 Meaning and Functions of Money
Exercise | Q 11. | पृष्ठ १३२
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