In the 20th Century, the Most Extreme Episodes of Hyperinflation

question 73

Multiple Choice

In the 20th century, the most extreme episodes of hyperinflation in Europe occurred between:

• A) 1920 and 1946.
• B) 1950 and 1970.
• C) 1970 and 1983.
• D) 1985 and 1994.
• E) 1900 and 1920.

---

Definitions:

Discount On Bonds

The difference between the face value of a bond and its selling price, when the bond is sold for less than its face value.

Premium

The amount paid in excess of a standard cost or the face value of a financial instrument, often associated with insurance policies, bonds, and options.

Carrying Value

The book value of assets and liabilities as represented in the financial statements, excluding the market value.

Callable Bonds

Bonds that are subject to redemption (buy back) at a stated dollar amount prior to maturity at the option of the issuer.