Assertion: In existing economic system, money only satisfies the lower level needs (physiological) of a person as per the Maslow's Theory. Reasoning: As money has the purchasing power it becomes a very important incentive for every individual.

Both Assertion (A) and reasoning (R) are correct and R is the correct explanation of A. Both Assertion (A) and reasoning (R) are correct and but R is not the correct explanation of A. Assertion (A) is true but Reasoning (R) is not correct. Assertion (A) is not true but Reasoning (R) is correct.

Assertion (A) is not true but Reasoning (R) is correct.

In the context of existing economic system, money has become a means to satisfy the physical needs of daily life and also of obtaining social position and power. Thus, Assertion (A) is not true but Reasoning (R) is correct.