Which country experienced hyperinflation

Assignment Help History

Reference no: EM133931163

Questions

1. When government creates too much money, we get ______________________.

a. richer

b. inflation

c. deflation

d. purchasing power

2. To pay for the Revolutionary War, the Congress issued paper money called _________________.

a. Continentals

b. dollars

c. marks

d. pesos

3. Prices at Valley Forge were _______________ higher than at the beginning of the war.

a. 48%

b. 480%

c. 4,800%

d. 4,800,000%

4. From 1500 to 1800 the Conquistadors took vast quantities of gold and silver from South America to _______________________.

a. Spain

b. Bolivia

c. Germany

d. England

5. After World War I, the Allies presented the ___________________ government with a bill for

132 billion marks.

a. Spanish

b. Bolivian

c. German

d. Japanese

6. Five years after World War I ended, one dollar would buy 4.2 ________________ marks.

a. million

b. billion

c. trillion

d. quadrillian

7. Which country experienced hyperinflation in the 1980s?

a. Spain

b. Germany

c. Japan

d. Bolivia

8. What did Bolivians use as money when their currency became worthless?

a. kindling

b. wallpaper

c. mentholated rub

d. cola

9. When paper money is dropping rapidly in value, it makes sense for people to _______________.

a. spend is quickly

b. hoard it

c. find something more stable to use as currency

d. both a and c

10. Who controls the money supply in the United States?

a. President

b. Congressional Budget Office

c. Supreme Court

d. Federal Reserve System (government)

Reference no: EM133931163

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