Money is to satisfy the human wants, person must consume the different goods and services for that man required the money. However money cannot satisfy a human being directly, but a commodity satisfy human wants directly. To improve the purchasing power in the market the government creates an exchange system which is known as money. Money is the most convenient way through which human being can purchase his desire goods and services.
Following are the some near money, which is not really money but can be easily converted into CASH money.
- Time deposit
- Fixed deposit
- Saving bank
- Bill of exchange
- Treasury bill
- Credit card
- Debit card
- Shares
- Bonds
