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Unformatted text preview: nflation
Country (Year) Highest Inflation Rate
Greece (1944) Hungary (1946) Israel (1984) Bolivia (1985) Yugoslavia (19891994) Russia (1992) 8.5 billion percent 4.19 quintillion percent in one year 44 percent in one year 12,000 percent in one year 5 quadrillion percent for Oct. 1993Jan. 1995. 2520 percent in one year
Source: Wikipedia. Selected Episodes of Hyperinflation
Has the United States experienced hyperinflation? No, not for the whole country. However, during the Civil War, some cities in the Eastern Confederacy experienced inflation of more than 9000 percent between 1861 and 1865.
Source: Wikipedia Key Terms money medium of exchange store of value unit of account currency checking deposit money supply Federal Reserve System (the Fed) bank Federal Open Market Committee (FOMC) asset liability reserves required reserve ratio open market operation quantity equation of money velocity...
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This note was uploaded on 06/01/2010 for the course ECONOMICS STA2012 taught by Professor Fan during the Spring '10 term at A.T. Still University.
- Spring '10