The term 'Near money' is best described as
...The term 'Near money' is best described as
A financial instrument that is readily convertible to cash
Government financial instrument that is convertible to cash
Time deposits with low interest rates
A financial asset that is convertible to cash
Correct answer is D
Near money refers to non-cash assets that are highly liquid and easily converted to cash. They are sometimes referred to as quasi-money or cash equivalents. Examples of near money are: Savings accounts held in commercial banks
The regulatory authority of the capital market in Nigeria is the ...
The trade-off between two commodities along the Production Possibility Curve (PPC) shows ...
The upward slope of the supply curve indicates that ...
Agricultural production in Nigeria is constrained by ...
Net National Product (NNP) is equal to the ...
The basic economic problems of the society include ...
The stock exchange market is where ...
The sloping downward of the demand curve implies that ...
Which of the following is NOT one of the characteristics of developing countries? ...
Under the socialist economy, the decision on what to produce is determined by the ...