what do you under stand by hyperinflation
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Meaning : A monetary inflation occurring at a very high rate.
A hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money.
A hyperinflation occurs when a country experiences very high and usually accelerating rates of inflation, rapidly eroding the real value of the local currency, and causing the population to minimize their holdings of local money.
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With too much of printed money in circulation, the value of German mark fell. As the value of German mark collapsed, prices of goods soared. The image of Germarts carrying cartloads of currency notes to buy a loaf of bread was widely publicised evoking worldwide sympathy. This crisis came to be known as ‘hyperinflation’ a situation when prices rise phenomenally high.
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