Venezuela Crisis Flashcards
1
Q
What is the Venezuela crisis
A
It is being subjected to HYPERINFLATION
2
Q
Hyperinflation
A
Inflation by many folds, say now in Venezuela it is 1 million percent.
3
Q
How did it end up there
A
It claims world politics but in fact 97% of its revenue was from oil trade bbut in 2014 when oil price crashed it is suffering economic crisis.
