In most cases, the main reason that a country engages in currency reform is to:
A) gain greater control over the money supply.
B) eliminate the money illusion.
C) replace a currency that has been devalued by years of high inflation.
D) increase the interest rate after years of low returns.

Question

Quizplus · Accepted Answer

Currency reform is often undertaken to replace a currency that has become highly devalued due to prolonged periods of inflation, restoring public confidence in the currency and stabilizing the economy.

In Most Cases, the Main Reason That a Country Engages