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Liberalisation, Privatisation And Globalisation — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsLiberalisation, Privatisation And Globalisation1 Mark
Question
What is meant by demonetisation?
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Answer

Demonetisation is the economic policy wherein the legal status of a currency unit is cancelled and new one comes into circulation.

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