Asked by Michael Petropulos on May 05, 2024
Verified
The hyperinflation in Zimbabwe ended in April 2009 when the central bank purchased government bonds in open-market operations.
Open-market Operations
The buying and selling of government securities by a central bank to control the money supply and interest rates in the economy.
- Identify the impact of excessive inflation on economic conditions and the roles of government in triggering it.
- Examine the historical setting and outcomes of U.S. financial policy decisions.
Verified Answer
TC
Tyler ChiocchioMay 08, 2024
Final Answer :
False
Explanation :
The hyperinflation in Zimbabwe ended in April 2009 when the government abandoned the Zimbabwean dollar and allowed the use of foreign currencies for transactions.
Learning Objectives
- Identify the impact of excessive inflation on economic conditions and the roles of government in triggering it.
- Examine the historical setting and outcomes of U.S. financial policy decisions.
Related questions
The Story the Wizard of Oz Can Be Interpreted as ...
Hyperinflation Is Generally Defined as Inflation That Exceeds 50 Percent ...
In the Late 1800's Deflation Caused Farmers to Suffer as ...
Hyperinflations Are Associated with Governments Printing Money to Finance Expenditures
When the Value of Money Is on the Vertical Axis ...