Which is a near-money asset?
ACash in hand
BTreasury BillsCORRECT
CLong-term loan
DFixed assets
CIBNBanking Principles
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Near-money assets are highly liquid and quickly convertible to cash with little loss — Treasury Bills are the classic example.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Banking Principles questions
CIBN Banking Principles has thousands more questions like this — with Worked answers on every one.