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Assertion and Reasoning: Assertion (A): Money market economizes use of cash Reasoning (R): Money market deals with financial instruments that are close substitutes of money - Economics

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Question

Assertion and Reasoning:

Assertion (A): Money market economizes use of cash

Reasoning (R): Money market deals with financial instruments that are close substitutes of money

Options

  • (A) is True, but (R) is False

  • (A) is False, but (R) is True

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

  • Both (A) and (R) are True and (R) is not the correct explanation of (A)

MCQ

Solution

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

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Money Market in India
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Chapter 9: Money Market and Capital Market in India - Exercise [Page 92]

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Balbharati Economics [English] 12 Standard HSC
Chapter 9 Money Market and Capital Market in India
Exercise | Q 4. (1) | Page 92
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