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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.
Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.
- a)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 but 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.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
The face value of currency notes is more than its materialistic value. These notes are accepted by people because they are backed by the government of the country.
Community Answer
Directions: In the following questions, a statement of assertion (A) ...
Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.
Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.
Explanation:
The assertion states that currency notes do not carry as much value as is denominated, but still have general acceptance. The reason given is that currency notes are backed by a legal promise from the central bank and central government of the country.
Both the assertion and the reason are true, and the reason is the correct explanation of the assertion. Here's why:
1. Currency Value: Currency notes are pieces of paper that represent a certain value. The value of currency notes is determined by the central bank and central government of a country. However, the actual value of the paper itself is much lower than the value denominated on it. For example, a $100 bill is made of paper and ink that is worth only a few cents. Despite this, currency notes are widely accepted as a medium of exchange because people trust in their value.
2. Legal Promise: Currency notes are backed by a legal promise from the central bank and central government of the country. This means that the government guarantees to honor the value denominated on the currency notes. The central bank has the authority to issue and regulate currency, and it holds reserves of assets such as gold and foreign currencies to support the value of the currency notes. The legal promise provides confidence to people that the currency notes can be exchanged for goods and services.
Therefore, the reason given in the statement correctly explains why currency notes, despite not carrying their full denominated value, still have general acceptance. The legal promise from the central bank and central government ensures the trust and confidence in the value of currency notes.
In conclusion, both the assertion and reason are true, and the reason is the correct explanation of the assertion.
Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.
Explanation:
The assertion states that currency notes do not carry as much value as is denominated, but still have general acceptance. The reason given is that currency notes are backed by a legal promise from the central bank and central government of the country.
Both the assertion and the reason are true, and the reason is the correct explanation of the assertion. Here's why:
1. Currency Value: Currency notes are pieces of paper that represent a certain value. The value of currency notes is determined by the central bank and central government of a country. However, the actual value of the paper itself is much lower than the value denominated on it. For example, a $100 bill is made of paper and ink that is worth only a few cents. Despite this, currency notes are widely accepted as a medium of exchange because people trust in their value.
2. Legal Promise: Currency notes are backed by a legal promise from the central bank and central government of the country. This means that the government guarantees to honor the value denominated on the currency notes. The central bank has the authority to issue and regulate currency, and it holds reserves of assets such as gold and foreign currencies to support the value of the currency notes. The legal promise provides confidence to people that the currency notes can be exchanged for goods and services.
Therefore, the reason given in the statement correctly explains why currency notes, despite not carrying their full denominated value, still have general acceptance. The legal promise from the central bank and central government ensures the trust and confidence in the value of currency notes.
In conclusion, both the assertion and reason are true, and the reason is the correct explanation of the assertion.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer?
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer?.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): The currency notes do not carry as much value in them as is denominated, still have general acceptance.Reason (R): Currency notes are backed by a legal promise from the central bank and central government of the country.a)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 but 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.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.
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