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When money becomes worthless, the event is called hyperinflation. This occurs when a country experiences extremely rapid and out-of-control inflation, leading to a significant decline in the currency's value. As prices soar, the purchasing power of money diminishes, often resulting in the abandonment of the currency in favor of barter or foreign currencies. Hyperinflation can destabilize economies and create severe social and political challenges.
What else can I help you with?
What is a name given to the amount of money given a person to attend an event?
A name commonly used for the amount of money given to a person to attend an event is a "stipend." This is often provided to cover expenses related to attending the event.
Indonesias money is called?
The currency of Indonesia is called the Indonesian Rupiah, abbreviated as IDR.
What single sportsevent generates the most money?
The Super Bowl is the single sports event that generates the most money, with billions of dollars in revenue generated annually through ticket sales, merchandise, advertising, and broadcasting rights.
When is A Taste of Suntree?
"A Taste of Suntree" is typically held annually in early November. It is a culinary event that showcases local restaurants and vendors offering samples of their food and drinks. Keep an eye out for specific dates and details closer to the event.
What is the name of Tyland money?
It's not Tyland but it's Thailand and the currency in Thailand is called the Thai Baht.
What happens to the value of money if an ulimated supply of currency is injected into the economy?
it becomes worthless
What happeneds to toms money at the end of the devil and tom walker?
Tom Walker's money becomes worthless at the end of the Devil and Tom Walker. His possessions had also disappeared.
When a government prints paper money without gold to back it upit results in what?
When a government prints paper money without anything to back it up, inflation results. The money becomes worthless.
Is printing money a solution for the crisis?
Not really, because then the money becomes worthless. For example, when Russia was struck by economic crisis after WW 1, it was actually more cost effective to burn their money than to pay for wood.
By the end of the war Continental money was?
virtually worthless
Why is counterfeit money bad?
Because it's worthless?
How many people earn 1 million a year?
That depends on the country; in some countries, even the poorest person earns more than that - this will happen when the country's money becomes almost worthless.
Does fall in inflation means fall in price too?
No. A fall in the rate of inflation does not mean prices fall. It simply means they go up a little slower. Your money becomes worthless at a little slower speed.
Why do people have to work to get money?
If it was just given to everyone, it would be worthless.
How much is a confederate 100 bill worth?
Confederate money is worthless.
How much is a confederate 100 dollar bill worth?
Confederate money is worthless.
If you lost money on a financial institution stock can you claim it as a loss?
Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
