“Hyper-inflation” in the economy will lead to
(A) Easy loans
(B) Fall in value of money
(C) Increased production of goods
(D) Increased deposites in banks
Correct Answer : Fall in value of money
Question Asked : SSC Junior Engineer (Civil) Exam 2018
Explanation : Hyperinflation is an extremely rapid period of inflation, usually caused by a rapid increase in the money supply. Usually due to unrestrained printing of fiat currency. With too much money, the money value falls drastically. The most recent example of hyperinflation is in Venezuela. Prices rose 41 percent in 2013, 63 percent in 2014, 121 percent in 2015, and 481 percent in 2016.
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Tags : macroeconomics
