Question
Which of the following are certain highly liquid financial assets that do not function directly or fully as a medium of exchange but can be readily converted into currency?
Multiple choice question.
Paper money
Near monies
Checkable deposits
Capital assets
Multiple choice question.
Paper money
Near monies
Checkable deposits
Capital assets
Answers
GPT-4o mini
The correct answer is **Near monies**.
Near monies are highly liquid financial assets that are not currency themselves but can easily be converted into cash or used to make transactions. Examples include savings accounts and money market accounts.
Paper money and checkable deposits do function directly as a medium of exchange, while capital assets are not considered liquid financial assets.
Near monies are highly liquid financial assets that are not currency themselves but can easily be converted into cash or used to make transactions. Examples include savings accounts and money market accounts.
Paper money and checkable deposits do function directly as a medium of exchange, while capital assets are not considered liquid financial assets.