Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
CHAPTER: - 9 MONEY MARKET AND CAPITAL MARKET OF INDIA
Q.4. Assertion and Reasoning:
1. 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)
Answer: - Both (A) and (R) are True and (R) is the correct explanation of (A)
