Question : Galloping inflation is also known as

Option 1: walking inflation

Option 2: running inflation

Option 3: hyperinflation

Option 4: creeping inflation


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 6th Jan, 2024

Correct Answer: hyperinflation


Solution : The correct option is hyperinflation .

Hyperinflation is another term for galloping inflation. The general level of prices for goods and services in an economy grows uncontrollably during a hyperinflationary process, which results in a fast devaluation of the currency.

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