When the German hyperinflation stabilized at the end of 1923,
A)prices were 100 times higher than they had been before the hyperinflation.
B)prices were 10,000 times higher than they had been before the hyperinflation.
C)prices were 100,000 times higher than they had been before the hyperinflation.
D)prices were 100 billion times higher than they had been before the hyperinflation
E)prices were 100 million times higher than they had been before the hyperinflation.

Question

Quizplus · Accepted Answer

During the German hyperinflation, which peaked in 1923, the value of the currency plummeted, leading to astronomical increases in prices. By the time the hyperinflation stabilized at the end of 1923, prices were indeed about 100 billion times higher than they had been before the hyperinflation began. This period is marked by the issuance of banknotes in the billions and trillions of marks, illustrating the extreme devaluation of the currency.

When the German Hyperinflation Stabilized at the End of 1923