Question

benefits of demonetization​

Answer 1

ANSWER

Increased Savings – When currency is demonetized, people tend to deposit their cash with a bank and store less physical currency at home. This helps them save more.

Lower lending rates – With currency demonetization, money moves from people to banks and financial institutions.

Answer 2

Hello Dear,

Possible Benefits of Demonetization

Possible Benefits of DemonetizationIncreased Savings – When currency is demonetized, people tend to deposit their cash with a bank and store less physical currency at home. This helps them save more. Lower lending rates – With currencydemonetization, money moves from people to banks and financial institutions.

...HOPE IT HELPS DEAR...