Given below are two statements. One is labeled as Assertion (A) and the other as Reason (R). Choose the correct answer from the options. Assertion (A): Currency is accepted as a medium of exchange in the country. Reason (R): Currency is authorized by the people of the country.

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Economics · Money and Credit

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

(A) is true but (R) is false

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Answer 1

Both (A) and (R) are true and (R) is the correct explanation of (A)

Answer 2

Both (A) and (R) are true but (R) is not the correct explanation of (A)

Answer 3

(A) is true but (R) is false

Answer 4

(A) is false but (R) is true

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