Which of the following is not true about 'hyperinflation'?
A)During times of hyperinflation, people try to avoid holding cash.
B)Economies with hyperinflation are usually in a severe recession.
C)Hyperinflation occurs during times of an economic boom.
D)During times of hyperinflation, the rate of inflation can be millions of per cent per month.

Question

Quizplus · Accepted Answer

Hyperinflation occurs during times of economic crisis, usually triggered by factors such as war, political instability, or a collapse of the currency. It is not associated with economic booms.

Which of the Following Is Not True About 'Hyperinflation