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Near money are those financial assets which can be converted into cash:? Select one: a. With...

Near money are those financial assets which can be converted into cash:? Select one:

a. With less cost b. With less risk c. With less delay d. All of these

Solutions

Expert Solution

(d) - all of these.

Near money is considered cash-equivalent. It is securities/instruments/bills etc. which can be readily converted into cash with certainty and negligible loss in value.

Hence, all of these are applicable to the definition of "near money".

jeff jeffy answered 2 years ago
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