What is hyperinflation?
Q: What is hyperinflation?
A: Hyperinflation is a condition in economics where there is a fast increase in prices due to the loss of value of money.
Q: What is an example of hyperinflation?
A: One example of hyperinflation is in Germany in the 1920s. In December of 1923, the exchange rate was 4,200,000,000,000 Marks to 1 US dollar.
Q: What was the largest bank note in Germany in 1922?
A: In 1922, the largest bank note in Germany was 50,000 Reichsmark.
Q: What was the largest bank note in Germany in 1923?
A: In 1923, the largest bank note in Germany was 100,000,000,000,000 Mark.
Q: How did people in Germany cope with worthless bank notes during hyperinflation?
A: People in Germany during hyperinflation coped with worthless bank notes by burning them in fires to keep warm.
Q: What was the Rentenmark and how did it help with hyperinflation in Germany?
A: The Rentenmark was a new currency introduced in Germany to combat hyperinflation. It was set at an exchange rate of 4.2 Rentenmarks to 1 US dollar.
Q: What was the inflation rate in Zimbabwe in July 2008?
A: In July 2008, the inflation rate in Zimbabwe was 231,150,888.87%.
