Assertion (A) Balance of payment represents better picture of a country economic transactions with the rest of the world than balance of Trade. Reason (R) Balance of payment takes into account the exchange of both visible and invisible items whereas balance of trade does notCode

• A. Both (A) and (R) are true and (R) is the correct explanation of (A)
• B. Both (A) and (R) are true but (R) is not a correct explanation of (A)
• C. (A) is true but (R) is false
• D. (A) is false but (R) is true