Term deposits or fixed deposits are examples of which of the following?

money assets near money assets fiat money fiduciary money

near money assets

Monetary assets are assets that carry a fixed value in terms of currency units. Near money assets. Near money assets are assets which are non-cash assets that are highly liquid and easily converted to cash. A government-issued currency that is not backed by a commodity such as gold is known as Fiat Money. and payment on the basis of trust but not on the basis of any order of the government is known as fiduciary money; examples are cheques.