Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below: Assertion (A) :Commercial banks create money by the way of demand deposits. Reason (R ):Commercial bank has the authority to issue currency.

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

Assertion (A) is true but Reason (R ) is false

RBI issues the currency.