Consider the following statements: Assertion: Increase

Consider the following statements:
Assertion: Increase in the interest rate on Savings Bank account is favorable for the Banks which leverage the CASA Ratio
Reason: CASA deposits are cheaper than Time Deposits
Choose the correct option:

[A] Both Assertion and Reason are correct, and Reason is a correct explanation of the Assertion
[B] Both Assertion and Reason are correct, but Reason is not a correct explanation of Assertion
[C] Assertion is correct, Reason is incorrect
[D] Assertion is incorrect , Reason is correct

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