Which of the following are consequences of hyperinflation? Check all that apply.

People cash their wages more quickly.

Wages and prices spiral upward.

People are more willing to keep currency as an asset instead of spending it.

Lending money generates a higher real return because nominal interest rates are higher.

correct answers;

1.People cash their wages more quickly.

2.Wages and prices spiral upward.

Step-by-step explanation

1. The value of money depreciates very quickly, so people demand more money and that shows higher inflation. 

2. since hyperinflation is state with very high rate of inflation. Thus wages & prices increase very quickly & a spiral is experienced.

3. People spend more money instead of keeping in bank which is not the case for higher inflation.

4. Due to higher inflation, the purchasing power of money drops, hence real return on loans decreases. Thus last option is wrong.