Assertion (A) : Necessity led to the invention of money Reason(R) : Barter system failed to perform the major functions of money
A) (A) is true but (R) is false.
B) Both (A) and (R) are false
C) Both (A) and (R) are true and (R) is the correct explanation of (A)
D) Both (A) and (R) are true but (R) is not the correct explanation of (A)
Correct Answer:
Verified
Q8: Which one of the following is related
Q9: Which of the following is not related
Q10: Find the odd man out with reference
Q11: Match the following A B1. (i) Commodity
Q12: Which of the following is not correctly
Q14: Which one of the following is an
Q15: In the case of paper currency
A)Intrinsic value
Q16: The most liquid form of all assets
Q17: In India the standard money is
A)Gold coins
B)Rupee
C)Dollar
D)Paisa
Q18: In the case of a 'full bodied
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