History, asked by Tanamy, 11 months ago

what is hyperinflation​

Answers

Answered by ashishbarwar586
4

hey mate here is your answer

monetary inflation occurring at a very high rate.

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Tanamy: this question is from history class 9
ashishbarwar586: ok
Answered by rahulgrover033
11

In economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies, often the US Dollar.[1] Prices typically remain stable in terms of other relatively stable currencies.

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Tanamy: this question is from history class 9
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