Only The Most Financially Savvy Can Pass This Monetary Terms Quiz

Karyn Bailey|General Knowledge|13 Jan 2020

What is demonetization?

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Hundred dollar bills and coins litter a surface.
Retry Correct Incorrect Demonetization is the removal of the legal tender status of a currency. It occurs when a country decides that a form of currency, such as a particular coin, should no longer be legally recognized as money.
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Liu Jie/Xinhua via Getty Images
Liu Jie/Xinhua via Getty Images

What is demonetization?

  • Currency retirement
  • Decreased interest
  • Hyperinflation
  • Currency restoration
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