HISTORY
THE WORLD BETWEEN THE WARS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Their bank savings
|
|
|
Their wallets
|
|
|
Their bread
|
|
|
Their job
|
Detailed explanation-1: -People on fixed incomes, like students, pensioners or the sick, found their incomes did not keep up with prices. People with savings and those who had lent money, for example to the government, were the most badly hit as their money became worthless.
Detailed explanation-2: -Causes of Hyperinflation Hyperinflation commonly occurs when there is a significant rise in money supply that is not supported by economic growth. The increase in money supply is often caused by a government printing and injecting more money into the domestic economy or to cover budget deficits.
Detailed explanation-3: -How Can It Impact Savings? Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10, 000 under your bed, that money may not be able to buy as much 20 years into the future.
Detailed explanation-4: -Renters. Savers. Retirees and People Earning Fixed Income. First-Time Homebuyers. Long-Term Bonds. Credit Card Borrowers. General Economic Confidence. 01-Mar-2023