Question

• Assertion (A): The money market economizes the use of cash.
• Reasoning (R): The money market deals with financial instruments that are close substitutes for 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).

Answer 1

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