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Meaning and Functions of Money — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsMeaning and Functions of Money1 Mark
MCQ
Assertion(A): Money is a medium of exchange.
Reason(R): Money possesses general acceptability.
  • ✓
    Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
  • B
    Both Assertion(A) and Reason(R) are true and Reason(R) is not the correct explanation of Assertion(A).
  • C
    Assertion(A) is true but Reason(R) is false.
  • D
    Assertion(A) is false but Reason(R) is true.
✓

Answer

Correct option: A.
Both Assertion(A) and Reason(R) are true and Reason(R) is the correct explanation of Assertion(A).
A

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