Select your answer from the codes given below:

Assertion (A): Balance of trade records the volume of goods and services imported as well as exported by a country to other countries.

Reason (R): If the value of exports is more than the value of imports, the country has a negative balance of trade.

1
Both (A) and (R) are true and (R) is the correct explanation of (A)
2
Both (A) and (R) are true, but (R) is not the correct explanation of (A)
3
(A) is true but (R) is false
4
(A) is false but (R) is true

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