Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below: Assertion (A) :Evolution of money has facilitated contractual payments. Reason (R ):Money supply in the economy includes both fiat and fiduciary money.

Both Assertion (A) and Reason (R ) are true and Reason(R) is the correct explanation of Assertion (A)   Both Assertion (A) and Reason (R ) are true and Reason(R) is not the correct explanation of Assertion (A)  Assertion (A) is true but Reason (R ) is false Assertion (A) is false but Reason (R ) is true

Both Assertion (A) and Reason (R ) are true and Reason(R) is not the correct explanation of Assertion (A)

Fiduciary money is money that is accepted as a medium of exchange due to the trust that exists between the payer and the payee. Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.