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Which of the following is/are example(s) of ‘Near Money’ ? Treasury

June 1, 2025 by rawan239

Which of the following is/are example(s) of ‘Near Money’ ?

Treasury Bill
Credit Card
Savings accounts and small time deposits
Retail money market mutual funds

Select the correct answer using the code given below :

1 only

2 only

1, 2 and 3

1, 3 and 4

This question was previously asked in

UPSC CDS-1 – 2016

Download PDF Attempt Online

The correct answer is 1, 3 and 4.

Near money refers to assets that are highly liquid and can be easily converted into cash with little or no loss in value. They serve as a store of value and can perform some functions of money, though they are not directly used as a medium of exchange in the same way as currency or demand deposits. Treasury Bills are short-term government securities, highly liquid and considered near money. Savings accounts and small time deposits can be readily accessed or converted, making them near money. Retail money market mutual funds invest in short-term, high-quality debt and are typically redeemable on short notice, thus qualifying as near money. A Credit Card is a means of borrowing money, not an asset that represents near cash; it facilitates transactions but is a liability for the user until repaid.

Examples of near money often include savings deposits, time deposits (like Certificates of Deposit), money market mutual funds, treasury bills, and other short-term government securities. They increase the overall liquidity in the financial system.

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