Which act of stripping or cancelling legal tender status of a currency unit in circulation?

Open in App

Solution

Demonetisation is an act of stripping or cancelling legal tender status of a currency unit in circulation

Suggest Corrections

Similar questions

12. Consider the following statements,

1] Demonetization is the act of stripping a currency unit of its status as legal tender.

2] Monetization is the process of converting or establishing something into legal tender.

Which of the above statements is/are incorrect?

Legal tender money is the currency notes issued by the

Q. Consider the following statements:

Which of the statements given above is/are incorrect?

Join BYJU'S Learning Program