What is the primary objective of demonetization in an economy?

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Economics · Monetary Policy

What is the primary objective of demonetization in an economy?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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To eliminate black money and curb counterfeiting

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Answer 1

To directly increase the rate of inflation

Answer 2

To devalue the domestic currency internationally

Answer 3

To eliminate black money and curb counterfeiting

Answer 4

To introduce a cashless economy overnight

What is the primary objective of demonetization in an economy?

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