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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. Which of the following does the cultural perspective of money include?
(a) Buying insurance.
(b) Fear when investing.
(c) Life energy.
(d) Fear of inflation.

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

3. Attitude toward buying groceries is part of which perspective of money?
(a) Life energy.
(b) Physical.
(c) Emotional and psychological.
(d) Cultural.

4. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
(a) The amount shown on a bank statement.
(b) Gross income.
(c) Net worth.
(d) The amount of money they have left at the end of the month.

5. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are insecure.
(b) They are too busy working.
(c) They are lazy.
(d) They fear success.

Short Answer Questions

1. How is a real hourly wage figured?

2. On average, what do Americans have more of than ever before?

3. On average, what do Americans have less of than ever before?

4. What does the amount spent divided by real hourly wage equal?

5. What items are included in everything owned?

(see the answer key)

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