Reading Response

It's time to apply what you are learning to understanding real world events. The following article considers the economic situation in Venezuela and I've provided the article I want you to write about as well as a bit of background reading. For this assignment you are to read this article on Venezuela, answer the following questions, and explain the economic significance of this article. In 3-4 pages (space and a half) you should:

article to read for assignment: What Venezuelan savers can teach everyone else

background reading:

Venezuela's Hyperinflation, 24 months and counting (Links to an external site.)Links to an external site.

Venezuelan inflation reaches 40,000 percent (Links to an external site.)Links to an external site.

A cup of coffee costs a million Venezuelan bollivars! (Links to an external site.)Links to an external site.