Assertion (A): After World War I, there was worldwide credit contraction and break down of the International system of exchange.Reason (R): Many countries left the gold standard and followed devaluation of the currency. (a) Both A and R are correct. (b) A is correct but R is not the correct explanation. (c) Both A and R are wrong. (d) R is correct but it has no relevance to A.

Assertion (A): After World War I, there was worldwide credit contract

1.	Assertion (A): After World War I, there was worldwide credit contraction and break down of the International system of exchange.Reason (R): Many countries left the gold standard and followed devaluation of the currency. (a) Both A and R are correct. (b) A is correct but R is not the correct explanation. (c) Both A and R are wrong. (d) R is correct but it has no relevance to A.
Answer» (a) Both A and R are correct.