Chapter 1 Study Guide

Chapter 1 Study Guide | Print out this page or write down questions below and fill them in as you read through Chapter 1

What is the Barter system? 




What main commodity replaced the Barter system?




What were paper note currencies? 




Why did people switch to paper note currencies?



What are the 4 most commonly traded currencies today? 



What are digital currencies? 



What are the 2 most common cryptocurrencies mentioned? 



Fill in the rest of the Sentence.     
Inflation signifies: 




What percentage is ordinary inflation rates: 

What percentages are considered hyperinflation rates: 


What are the 6 mentioned impact points of inflation on personal finances?





What are the 5 living costs, mentioned, impacted by inflation? 





Governments primarily fight inflation through: 


The 7 main employed strategies to fight inflation are: 




What are the 5 points mentioned on why personal finance is important?





List top 7 money managing tips:







List the 12 practices that can make your goal of financial independence a lot easier: