Assertion (A): The modern currency is used as a medium of exchange; however, it does not have the use of its own.

Reason (R): Modern currency is easy to carry.

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Both (A) and (R) are true, and (R) is the correct explanation for (A).

Both (A) and (R) are true, but (R) is not the correct explanation for (A).

(A) is true but (R) is False

Both (A) and (R) are False.

answer is B.

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Detailed Solution

Both (A) and (R) are true, but (R) is not the correct explanation for (A). Modern currency is used as a medium of exchange. This is because, in earlier times, barter systems were used, which was inconvenient. Later, coins of precious metals were used as a currency but were costly to mint.
Modern currency is indeed used as a medium of exchange because it is easy to carry but not the reason for using it.

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