In 2008,the Inflation Rate in Zimbabwe Rose to Almost 15

question 44

Multiple Choice

In 2008,the inflation rate in Zimbabwe rose to almost 15 billion percent,and eventually foreigners and local residents refused to accept the Zimbabwean dollar for goods and services.In early 2009,the new ZImbabwean government decided to

• A) stop printing currency and officially convert to a barter economy.
• B) abandon its own currency and make the U.S. dollar the country's official currency.
• C) ban all foreign currency to force residents to use the local currency.
• D) convert from a system of fiat money to commodity money.

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Definitions:

Cash Payments

Transactions where payment for goods or services is made in the form of physical currency or coins.

Pet Store

A retail business specializing in selling animals, pet supplies, and services such as grooming and training.

Pastries

Baked goods made from dough or batter, often sweetened, and may include items like cakes, pies, and tarts.

Produce Wholesaler

A business entity that buys fruits and vegetables in bulk from farms to resell to retailers, markets, or restaurants.