Which of the following is are example s of lsquo Near Money rsquo 1 Treasury Bill 2 Credit Car...........

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Which of the following is/are example(s) of ‘Near Money’?

1. Treasury Bill

2. Credit Card

3. Savings accounts and small time deposits

4. Retail money market mutual funds

Select the correct answer using the code given below:

1 only

2 only

1, 2 and 3 only

1, 3 and 4 only

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Explanation:

Near money (synonym: quasi-money) is a term used in economics to describe highly liquid assets that can easily be converted into cash.
The examples of near money are: Savings account Money funds Bank time deposits (certificates of deposit) Government treasury securities (such as T-bills) Bonds near their redemption date Foreign currencies, especially widely traded ones such as the US dollar, euro or yen