Which of the following is an example of near money?

Q: How do I try a free CXC Economics question?

Just tap any of the four options on this page — no signup, no card, nothing to install. You'll see the correct answer and a full mark-scheme-style explanation within a second. Each visit shows a fresh randomly-picked question from the live CXC CSEC Economics bank, so you can keep refreshing to try different ones before deciding whether to create a free account for daily access.

Q: Is Kramizo really free for CXC Economics students?

Yes — completely free. Every student gets 45 questions a day on the free plan, across any board and any subject, with no card required and no trial countdown. Kramizo's optional Pro plan removes the daily cap and adds analytics, but the free plan is genuinely free forever. We make money from the small percentage of students who choose to upgrade — not from selling data or ads.

Q: Are the Economics questions aligned to the CXC CSEC syllabus?

Every question is written against the published CXC CSEC Economics syllabus and reviewed for accuracy before being added to the bank. We match the command words (state, describe, explain, evaluate), mark allocations, and difficulty tier you'll see on real CXC past papers. Explanations are written in the style of official examiner mark schemes so students learn exactly what marks are being awarded for.

Question

Which of the following is an example of near money?

Accepted Answer

Fixed deposit certificates — Award 1 mark for identifying that near money can be converted to cash but is not immediately liquid. A is incorrect because coins are legal tender (money). B is incorrect because cheques are a means of transferring money. D is incorrect because notes are legal tender.

Answer

Dollar coins in circulation

Answer

Notes issued by the Central Bank

Answer

Cheques written on a current account

Answer

Fixed deposit certificates

One real Economics question.No signup. 30 seconds.

One real Economics question.
No signup. 30 seconds.