Given below are two statements, one is labelled as Assertion (A) and the other as Reason (R). Assertion (A): The value of national currency determined by the demand and supply of foreign currency is called a flexible exchange rate. Reason (R): Demand and supply of the foreign currency is determined by the Central Bank. Select the correct answer from the codes given below:

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Economics · Macroeconomics

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

(A) is true, but (R) is false.

Answer 2

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

Answer 3

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

Answer 4

(A) is false, but (R) is true.

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