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Define demonetisation. - Economics

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प्रश्न

Define demonetisation.

What is meant by demonetisation?

व्याख्या
टीपा लिहा

उत्तर १

When a currency note or notes of particular denomination cease to be a legal tender, it is called demonetisation.

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उत्तर २

Demonetisation is the process by which the government withdraws the legal tender status of currency. Legal tender refers to money that is used to pay for debts and other obligations.

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