High inflationary economies, when considering compounding, have an approximate annual inflation rate of:
A. 25% for four years in a row.
B. 100% for three years in a row.
C. 26% for three years in a row.
D. 50% for two years in a row.
Answer:C
High inflationary economies, when considering compounding, have an approximate annual inflation rate of:
A. 25% for four years in a row. B. 100% for three years in a row. C. 26% for three years in a row. D. 50% for two years in a row.