why and in what way demonetization in necessary to our country and how it is helpful to the country?
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Explanation:
It is used as a tool to stabiliza a currency and fight inflation, to facilitate trade and access to markets and to push informal economic activity into more transparency.
It will uproot the parallel economy
It will increase on online transactions and alternative modes of payments
Price level is expected to be lowered
Gross Domestic Product (GDP) is the broadest quantitative measure of a nation’s total economic activity. The GDP formation could be impacted by this measure, with reduction in the consuption demand
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