Question

Explain demonetization.

Answer 1

Answer:

demonetization:- the withdrawal of a coin, note, or precious metal from use as legal tender.

Demonetization is the act of stripping a currency unit of its status as legal tender. It occurs whenever there is a change of national currency: The current form or forms of money is pulled from circulation and retired, often to be replaced with new notes or coins.

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Answer 2

demonetization is the act of stripping a currency units of it's status as legal tender . it occurs whenever there is a change of national currency..