Hyperinflation occurs when
A) the inflation rate is extremely high.
B) a dollar today has the same real value as one million dollars last year.
C) the inflation rate is negative.
D) the inflation rate is positive and below 10%.
Correct Answer:
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Q7: When people use money by trading it
Q8: If money is a legal tender, it
Q9: Costs of trading are referred to as_
Q10: Higher the rate of inflation
A)slower will be
Q11: Which of the following is NOT a
Q13: Inflation affects money by
A)increasing money's efficiency as
Q14: As a medium of exchange, money makes
Q15: Gresham's Law states that
A)the more you make,
Q16: When people keep money for some period
Q17: An inflation rate exceeding 50 percent per
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