Question

Choose the correct option.
Assertion(A) : the facility of demand deposit Make it possible to settle payments without the use of cash .
Reason (R): demand deposit are paper order which make it possible to transfer money from one person's account to another person's account.
Options-
(a) if both a and r are correct and r is correct explanation of a.
(b)if both a and r are correct but r is not correct explanation of a
(c) if a is true but r is false
(d) both a and r are false

Answer 1

Here is your answer :-

(d) Both assertion and son are false. The facility of cheques against demand deposits makes it possible to directly settle payments without the use of cash. Since demand deposits are accepted widely asments of payment, alone with currency, they constitute money in the modern economy.

Answer 2

Given;Statement

To Find;  The correct option

Solution; Assertion(A) : the facility of demand deposit Make it possible to settle payments without the use of cash .

Reason (R): demand deposit are paper order which make it possible to transfer money from one person's account to another person's account.

Hence asertion is false and reason is correct

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