Economics · Monetary Measures
Demonetization, as a major monetary intervention, primarily involves which of the following actions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Directly reduction of personal income tax rates
- 2Fixing the exchange rate of domestic currency with gold
- 3Stripping a currency unit of its status as legal tender✓
- 4An immediate increase in the supply of legal tender to the public
Correct answer
Stripping a currency unit of its status as legal tender
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