Question

what do you mean by the term demonetisation .

Answer 1

Explanation:

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What is Demonetization?

Demonetization is the act of stripping a currency unit of its status as legal tender. ... Sometimes, a country completely replaces the old currency with new currency. The opposite of demonetization is remonetization, in which a form of payment is restored as legal tender.

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Answer 2

Answer:

Explanation:

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. Sometimes, a country completely replaces the old currency with new currency.