Write the correct statement.
1. Money is recognized as a standard record for the payment of a thing or service.
2. Using this currency, people can purchase things, pay taxes and repay debts.
(i) Both 1 and 2 are correct
(ii) Both 1 and 2 are wrong
(iii) 1 is correct; 2 is wrong
(iv) 1 is wrong; 2 is correct
