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what do you mean by demonitisation
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what do you mean by demonitisation
Demonetization refers to an economic policy where a certain currency unit ceases to be recognized or used as a form of legal tender. In other words, a currency unit still loses its legal tender status as a new one comes into circulation.
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what do you mean by demonitisation
Well demonetisation is the act of removing a currency unit of its status as legal tender(money which can be legally used to make payments of debts or other obligations is termed as legal tender money). So we can say that when a currency note of a particular denomination ceases to be a legal tender is termed as demonetisation.
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what do you mean by demonitisation
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what do you mean by demonitisation for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what do you mean by demonitisation covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what do you mean by demonitisation.
what do you mean by demonitisation for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about what do you mean by demonitisation covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for what do you mean by demonitisation.
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