Assertion (A): According to Keynes, individuals hold either cash or all bonds.Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes:

both (a) and (r) are incorrect.

both (a) and (r) are correct and (r) is the correct explanation of (a).

both (a) and (r) are correct, but (r) is not the correct explanation of (a).

(a) is correct, but (r) is incorrect.

Assertion (A): According to Keynes, individuals hold either cash or al

1.	Assertion (A): According to Keynes, individuals hold either cash or all bonds.Reasoning (R): Because, according to him, the speculative demand for money is associated with uncertainty. Codes:
A.	both (a) and (r) are correct and (r) is the correct explanation of (a).
B.	both (a) and (r) are correct, but (r) is not the correct explanation of (a).
C.	(a) is correct, but (r) is incorrect.
D.	both (a) and (r) are incorrect.
Answer» D. both (a) and (r) are incorrect.