During the hyperinflation in Zimbabwe early in this century, which of the following was TRUE?
A)in 2006, the inflation rate reached 1,200 percent
B)in 2004, the inflation rate reached 600 percent
C)between January, 2004 and January, 2005, the rate of inflation was cut by 400 percent
D)in November, 2008, the rate of inflation was about 100 percent a day
E)all of the above

Question

Quizplus · Accepted Answer

During the hyperinflation in Zimbabwe, all the mentioned statements are true. The inflation rate did indeed reach 1,200 percent in 2006 and 600 percent in 2004. Between January 2004 and January 2005, there was a significant reduction in the inflation rate, though the wording might be misleading as inflation rates are typically expressed in percentage increases, not cuts. In November 2008, the inflation was so extreme that it reached about 100 percent a day, illustrating the severity of the hyperinflation crisis in Zimbabwe during this period.

During the Hyperinflation in Zimbabwe Early in This Century, Which