What is Demonetization | Demonetization in india | Benefits & Disadvantages of demonetization скачать в хорошем качестве

What is Demonetization | Demonetization in india | Benefits & Disadvantages of demonetization

From this video you will learn What is Demonetization & Demonetization process, Benefitsof demonetization, Disadvantages of demonetization, Demonetization in india explained in english. Demonetization: Demonetization is an economic process in which a country’s currency unit is no longer used for the legal tender. So what is legal tender? Legal tender is anything which is recognised by law as a means to settle a public or private debt or meet a financial obligation that includes tax payments, contracts and legal fines or damages. The national currency is legal tender in every country. Demonetization process: Firstly, the old currency is discontinued and taken away from the circulation to be replaced with the new forms of money. During the process people are given time to exchange then existing bank notes and coins for the new currency before it is officially discontinued. After a currency has been discontinued, it is no longer legal tender and has no monetary value Benefits of demonetization: Increased savings Lower lending rate or interest rate Better economy Keeping check on the anti-social activities Reducing counterfeit currency notes Disadvantages of demonetization: Incurs costs from printing new banknotes and minting new coins May not entirely reduce criminal activity May cause chaos among citizens ----------------------------------------------------- #Demonetization, #Demonetizationinindia, #Simplyinfo, ----------------------------------------------------- Music: Ukulele - Bensound https://www.bensound.com ---------------------------------------------------- ....... Our Mantra: Information is Opportunity. Knowledge is Power. Be Informed - Be Powerful! SUPPORT US: SUBSCRIBE / LIKE / SHARE / COMMENT :) Subscribe Link: https://goo.gl/qbyzFb ....... CONNECT US: Website: http://www.simplyinfo.net Facebook:   / simplyinfo.net   Twitter:   / simplyinfo9   YouTube:    / simplyinfo9   Slideshare: https://www.slideshare.net/SimplyInfo9 Pinterest:   / simplyinfo9   Instagram:   / simplyinfo9   YouTube Subscribe Link: https://goo.gl/qbyzFb ....... OTHER PLAYLISTS TO EXPLORE: Games & Sports: https://goo.gl/uTXRWB Jobs & Career Info: https://goo.gl/cbCDXy Business Management: https://goo.gl/1sDjfW Information Technology: https://goo.gl/nWYpK8 Physics Concepts: https://goo.gl/FnLmes Education & Learning: https://goo.gl/54TR8A Filmmaking Concepts: https://goo.gl/RQL5qn Psychology Concepts: https://goo.gl/oYNNKA Indian Law Concepts: https://goo.gl/m98pWn Economics Concepts: https://goo.gl/yymX98 ....... About Simplyinfo.net: We provide the best info bytes videos in a very simple and effective way to learn, to revise and to master micro-content information. We simplify information in a wide variety of categories. PLEASE SUBSCRIBE to the channel for support. For any kind of courses / tutorials - Ask in the Comments. Visit our website: http://simplyinfo.net/ for all kinds of Courses and Info Videos. Contact Us: [email protected] Be Blessed with Love, Health & Happiness. Cheers & Have Fun :) Team SimplyInfo.net P.S. CLICK BELOW LINK TO SUBSCRIBE FOR UPDATES. SUBSCRIBE LINK: https://goo.gl/qbyzFb