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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. What must a person do to become financially independent?
(a) Inherit from rich relatives.
(b) Work harder.
(c) Save as much as possible.
(d) Let go of everything they have learned about money.

2. What is Step 1, Part 1 of the program?
(a) Determine net worth.
(b) Determine how much money has been earned so far in a lifetime.
(c) List everything owned.
(d) Declutter the garage and basement.

3. What causes people to believe that "growth is good" and "more is better?"
(a) Emotional and psychological perspective of money.
(b) Intrinsic value of money.
(c) Fear of inflation, recession, and depression.
(d) Personal responsibility.

4. On average, what do Americans have less of than ever before?
(a) Education.
(b) Savings.
(c) Debt.
(d) Children.

5. Earning, saving, and spending money are part of which perspective?
(a) Life energy.
(b) Physical.
(c) Inflation.
(d) Emotional and psychological.

Short Answer Questions

1. What do people earn money by trading?

2. What is Step 1, Part 2 of the program?

3. Which of the following does the cultural perspective of money include?

4. Which perspective is feeling connected to a certain social class part of?

5. Where do most products we purchase end up?

(see the answer key)

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