Hyperinflation is a situation when value of the currency falls drastically.

True

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False

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Solution

The correct option is A True

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Similar questions

State any two factors that explain the contraction of supply of foreign currency when its price in terms of the domestic currency falls.

Q17. Consider the following statements about Currency Wars:

1. A currency war refers to a situation where a number of nations seek to deliberately depreciate the value of their domestic currencies.

2. Currency wars are also known as competitive devaluations.

Which of the above statements are correct?

(a) Balance of payment always balances. Explain.

(b) When the supply of foreign currency rises, the price of foreign currency falls. Justify the statement.

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