Explain five measures that can be taken by central bank to control hyperinflation

Answer:

-Using open market operations to mop up excess liquidity from the economy
-Increasing the liquidity ratio so that the lending ability of commercial banks is reduced
-Increasing the general production of goods and services to avoid shortages that cause inflation
-Using selective credit control so as to issue credit to only a few sectors that are deemed important for economic growth
-Government borrowing from the public through open air market

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