Practice mode Basic of Economics

What is a very rapid rise in prices, in which money loses value so fast that barter may become preferable, known as?

Correct answer B. Hyper-inflation

Explanation

Hyper-inflation is extremely fast, accelerating inflation, often defined as above 50 per cent a month, which destroys confidence in money as seen in Weimar Germany and Zimbabwe.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.