Which of the following is not one of the ways that the German government ended the hyperinflation of the 1920s?
A) replacing the existing mark with a new mark
B) negotiating a new agreement with the Allies (the United States, Great Britain, France, and Italy) that reduced its reparations payments
C) reducing government expenditures and raising taxes to balance its budget
D) raising the required reserve ratio to reduce bank loans
D
You might also like to view...
A hypothesis states that religious teachings, family ties, and/or social norms are the root cause of economic prosperity. According to this hypothesis:
A) culture is a proximate cause of prosperity. B) geography is a fundamental cause of prosperity. C) institutions is a fundamental cause of prosperity. D) culture is a fundamental cause of prosperity.
As a result of the financial crisis of 2007-2009, the size of the shadow banking system:
A) became smaller than the commercial banking system B) became larger than the commercial banking system C) declined, but remained larger than the commercial banking system D) increased, but remained smaller than the commercial banking system