Assertion (A): An Arbitrager is a person who simultaneously buys large amounts of currency in one market and sells in another market
Reason (R): Arbitrage is a process where the aim is to maximize profits by exploring the imperfect market situations
1
Both (A) and (R) are true, (R) is the correct explanation of (A)
2
Both (A) and (R) are true, (R) is not the correct explanation of (A)
3
(A) is true, (R) is false
4
(A) is false, (R) is true