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in The World Between Two World Wars by (46.0k points)

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.

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1 Answer

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by (52.4k points)

(a) Both A and R are correct.

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