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Read the following statements: Assertion (A) and Reason (R). Choose the correct option from those given below: Assertion…

Q1

Read the following statements: Assertion (A) and Reason (R).
Choose the correct option from those given below:

Assertion (A): Money is of perishable nature and is generally accepted by all at any point of time.

Reason (R): Money serves as a store of value, facilitating individuals to transfer purchasing power from the present to the future.

a

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

b

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

c

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

d

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

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