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i) The degree of a monomial is the sum of the powers of variables involved in it.
ii) The greatest degree of terms in a polynomial is called the degree of polynomial.

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Detailed Solution

The answers to the given statements are:

i) The degree of a monomial is the sum of the powers of all variables involved in it.

ii) The degree of a polynomial is the greatest degree of the terms present in the polynomial.

These are fundamental definitions in algebra for understanding polynomial expressions and their degrees.

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