Hyperinflation is an inflation rate that exceeds:
A) 50 percent inflation per day.
B) 50 percent inflation per month.
C) 50 percent deflation per week.
D) 50 percent inflation per year.

Question

Quizplus · Accepted Answer

Hyperinflation is typically defined as an inflation rate exceeding 50% per month. This is an extreme form of inflation that occurs when a country experiences poor economic conditions, political instability or a major economic shock such as a war or natural disaster. In hyperinflation, prices rise rapidly and uncontrollably, leading to a loss of confidence in the currency and economic downturns.

Hyperinflation Is an Inflation Rate That Exceeds