Distinguish between money and near money in tabular coloumn
Answers
1) Money consist of coins, currency notes and demand deposits of the banks.
2) Money possesses 100% liquidity.
3) Money is not an income-yielding asset.
Near money –
1) Near money includes the financial assets like time-deposits, bond, shares bill of exchange, etc.
2) Near money lacks 100% liquidity.
3) Near money assets are income yielding assets.
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Answer:
Money is defined as the money which consists of coins and Note currencies and also money in the bank.
Near money is defined as the money which includes bonds, financial assets such as bills of exchange time deposit shares and so on.
Explanation:
The Main differences between Money and Near Money is mentioned below as:
1. money is the defined as legal tender.
In case of near money the assets do not have any similar legal status. I, e without any tender.
2. Money have 100% liquidity.
whereas near money doesn't Possesses 100% liquidity .
3. Money is directly used to for making any live transaction.
while as near money is an indirect medium of exchange of transactions.
4. Money is not an income yielding asset.
near money assets are income yielding assets.