Question

When there is hyperinflation and prices rise very quickly, which function does money fail to fulfill?
A store of value
B medium of exchange
C intrinsic value
D Unit of account

Answer 1

Answer: A

Explanation: Hyperinflation is when the value of local currency erodes and the prices of goods increase.

Answer 2

In a situation of Hyperinflation, the function that money usually fail to fulfill is the storing of value.

What is a Hyperinflation?

This refers to a situation whereby the value of local currency rapidly erodes and the prices of goods increase.

Hence, when this happens, the function that money usually fail to fulfill is the storing of value because the currency value has declined.

Therefore, the Option A is correct.

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