Solved UPSC CDS/OTA Question
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Q · Money and Types of MoneyMedium · 45s
Q₁₃. Which of the following best describes near money?
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
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Near money are highly liquid assets but not a medium of exchange themselves.
Final Answer: Option C - High liquidity assets easily converted to money