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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): Money serves as a unit of account, providing a standard measure for valuing goods and services.
Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.
  • a)
    If both Assertion and Reason are true and Reason is the correct explanation of Assertion
  • b)
    If both Assertion and Reason are true but Reason is not the correct explanation of Assertion
  • c)
    If Assertion is true but Reason is false
  • d)
    If both Assertion and Reason are false
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) i...
  • The Assertion (A) is true because money indeed acts as a unit of account, allowing individuals to assess the value of goods and services in a standardized manner.
  • The Reason (R) is also true, as money simplifies exchanges by removing the complications of barter systems that require a double coincidence of wants.
  • However, the Reason is not the correct explanation of the Assertion because the unit of account function of money does not directly relate to the facilitation of barter transactions; rather, it is a separate function of money.
  • Therefore, the correct answer is Option B: both statements are true, but the reason does not explain 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): Money serves as a unit of account, providing a standard measure for valuing goods and services.Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.a)If both Assertion and Reason are true and Reason is the correct explanation of Assertionb)If both Assertion and Reason are true but Reason is not the correct explanation of Assertionc)If Assertion is true but Reason is falsed)If both Assertion and Reason are falseCorrect answer is option 'B'. 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): Money serves as a unit of account, providing a standard measure for valuing goods and services.Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.a)If both Assertion and Reason are true and Reason is the correct explanation of Assertionb)If both Assertion and Reason are true but Reason is not the correct explanation of Assertionc)If Assertion is true but Reason is falsed)If both Assertion and Reason are falseCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts 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): Money serves as a unit of account, providing a standard measure for valuing goods and services.Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.a)If both Assertion and Reason are true and Reason is the correct explanation of Assertionb)If both Assertion and Reason are true but Reason is not the correct explanation of Assertionc)If Assertion is true but Reason is falsed)If both Assertion and Reason are falseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 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): Money serves as a unit of account, providing a standard measure for valuing goods and services.Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.a)If both Assertion and Reason are true and Reason is the correct explanation of Assertionb)If both Assertion and Reason are true but Reason is not the correct explanation of Assertionc)If Assertion is true but Reason is falsed)If both Assertion and Reason are falseCorrect answer is option 'B'. 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): Money serves as a unit of account, providing a standard measure for valuing goods and services.Reason (R): Money facilitates barter transactions by eliminating the need for a double coincidence of wants.a)If both Assertion and Reason are true and Reason is the correct explanation of Assertionb)If both Assertion and Reason are true but Reason is not the correct explanation of Assertionc)If Assertion is true but Reason is falsed)If both Assertion and Reason are falseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
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