Assertion (A) : The sale of T-bills is conducted through an auction.
Reason (R) : The method helps in price discovery.
Select the answer from the code below :
1
(A) is true, but (R) is false.
2
Both (A) and (R) are true.
3
(A) is false, but (R) is true.
4
Both (A) and (R) are false.