Given below are two statements one is labelled as Assertion (A) and the other is labelled as (R).
Assertion (A): Money management is a process that includes budgeting, saving, investing, and spending.
Reason (R): The goal of money management is to ensure the optimal use of available financial resources to meet the family’s needs and future goals.
In light of the above statements,choose the correct answer from the options given below.
1
Both assertion and reason are true, and reason is the correct explanation of assertion.
2
Both assertion and reason are true, but reason is not the correct explanation of assertion.
3
Assertion is true, but reason is false.
4
Assertion is false, but reason is true.