Question

what is near money? what is pure money ?

Answer 1

Explanation:

Near-money, on the other hand, refers to the financial assets like time deposits, bills of exchange, government bonds, shares, etc. (ii) Money, in a conventional sense, bears 100 per cent, liquidity. Pure Money, i.e., cash, is a readily and immediately acceptable means of payment.

Answer 2

♥ Near money :- It consists of highly liquid assets which are not cash , but can easily be converted into cash .

♥ Pure money :- It's readily acceptable medium of payment or cash .

Hope it helps ✌

Shreya ❤