Advertisements
Advertisements
Question
What do you understand by the term 'near money'?
Short Note
Solution
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.
shaalaa.com
Meaning and Functions of Money
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Mention one contingent function of money.
Explain the primary functions of money.
Distinguish between limited legal tender and unlimited legal tender.
Discuss any two contingent functions of money.
What are normal goods? Give two examples.
Explain the following function of money:
Medium of exchange
Explain the following function of money:
Store of value
Explain the following function of money:
Maximisation of utility
What is the legal definition of money?