In the question given below, there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options.

Assertion (A)- Poor people get themselves trapped in chronic debts in some way or the other.

Reason (R)- Poor borrow from moneylenders, who charge high rates of interest which they are unable to pay.

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

Poor borrow from moneylenders, who charge high rates of interest that lead them into chronic indebtedness. The poor are highly vulnerable. They are not able to negotiate their legal wages from employers and are exploited.