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 demand and supply of foreign currency is called flexible exchange rate.
Reason (R): Demand and supply of the foreign currency is being determined by the Central Bank.
Select the correct answer from the codes given below:

Question

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 demand and supply of foreign currency is called flexible exchange rate.

Reason (R): Demand and supply of the foreign currency is being determined by the Central Bank.

Select the correct answer from the codes given below:

Accepted Answer

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

Answer

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

Answer

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

Answer

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

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