#Brainly user,
Explain Your Opinion on Demonetization.
20 POINTS ☹
AnonymousUS:
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Answers
Answered by
6
I think that demonetization will help to curb the financial malpractices in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
This include money for which tax is not paid or in other words , black money.
It is believed that a considerable amount of black money is stored in denominations of 500 and 1000.
Hence , by making it invalid , users will be forced to get rid of them.
This will also help the government to find out the sources of black money circulating in the country.
i had answered such similar question
i knew it
oh ^_^
this right?
https://brainly.in/question/1132903
yep
not only tht ... the same question repeated so many times !!
:)
Nice answer
:)
Answered by
0
Demonetization
It is the withdrawal of a particular form of currency from circulation.
Demonetization is a term in which a series of currency will not be legal tender.
In simple terms, it will ban the old currency with the new one or taking a currency unit of a nation as a tender unit.
Impact of demonetization on nation's economy:
The overall demand is expected to be affected to an extent.
The demand in following areas is to be impacted particularly:
• Consumer goods
• Real estate and property
• Luxury goods
• Automobiles (only to a certain limit)
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