Question

2. Read the following:Statement l: Some money is cash.Statement Il: Some cash are draftStatement Il: All drafts are billsConclusion l: Some money are draftConclusion II: Some money is billsO If either conclusion I or conclusion II followsIf neither conclusion I nor conclusion Il followsIf conclusion I and Il both followIf only conclusion Il follows​

Answer 1

Answer:

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth

Answer 2

The correct is - If neither conclusion I nor conclusion Il follows

• It is a type of logical explanation where two assertions are claimed or thought to be correct.
• In the given reasoning, money is referred to as cash, and then the cash is being referred to as a draft,
• Whereas in the conclusion money can be draft as well as bills.
• Whereas as per the statement all drafts are bills.
• Thus, neither conclusion I nor conclusion Il follows

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