Inflation Explained: How to Safeguard Your Finances

Which recent global event has had a dramatic impact on worldwide inflation?

The COVID-19 pandemic.

The Russian-Ukrainian situation.

Both of the above.

When it comes to financial priorities, how should we think about our debts?

We shouldn’t prioritize paying off debts, as our investments are much more important.

We should prioritize paying off our debts before looking into other things like investments.

We shouldn’t worry too much about these, as the interest rates won’t affect us in the future.

In order to be less susceptible to financial risks and inflation, diversifying our investments is a good idea.

True

False