Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.
Statement I:BRICS is developing a cross-border payment mechanism known as BRICS Pay.
Statement II:At its 2024 expansion the bloc also adopted a common single currency for all members.
AStatement I is correct but Statement II is incorrect
BBoth Statement I and Statement II are incorrect
CBoth Statement I and Statement II are correct
DStatement I is incorrect but Statement II is correct
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