Hyperinflation quiz
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Which country dropped its currency in 2009 after hyperinflation?
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More questions about Hyperinflation
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Over how long must prices rise 50% to count as hyperinflation?
Answer: A month
Why: The episode counts as over only once monthly inflation stays below 50% for a full year.
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About how many marks did a Berlin loaf of bread cost by late 1923?
Answer: 200 billion
Why: At the end of 1922 the same Berlin loaf had cost about 160 marks.
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What is the drop in real tax revenue during high inflation called?
Answer: Tanzi effect
Why: Taxes arrive weeks or months after they fall due, and high inflation eats their value in between.
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What did German prices do every 3.7 days in October 1923?
Answer: Double
Why: In October 1923 alone, German wholesale prices rose about 29,500%.
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Roughly how much do prices rise in a year at 50% a month?
Answer: About 13,000%
Why: Each 50% lands on an already higher price, so prices multiply by 1.5 twelve times, about 130-fold.
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In what unit was Germany's 1921 reparations bill set?
Answer: Gold marks
Why: Cash payments were due in gold or foreign currency, so printing paper marks could not shrink the bill.
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