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Question
The government of India made an announcement regarding Demonetization of the Indian economy on November 8, 2016 with profound implications for it. The process which put restrictions on convertibility of domestic money and bank deposits was meant to create a less-cash economy. One argument against the cash-lite economy is that:
Options
Internet connectivity is a prerequisite
More people will be introduced into the formal economy
Financial saving will increase
Tax evasion will be reduced
Solution
Internet connectivity is a prerequisite
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