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

Multiple Choice Questions

1. Which perspective is the notion of "keeping up with the neighbors" part of?
(a) Inflation.
(b) Emotional and psychological.
(c) Personal responsibility and transformation.
(d) Step 2.

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

3. What should be included in the "miscellaneous" category?
(a) Nothing.
(b) Items under $10.
(c) Items purchased less than once a month.
(d) Gazingus pins.

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

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

Short Answer Questions

1. What are bare necessities, as defined in Chapter 1?

2. How is net worth determined?

3. What is the term for the unnecessary things, activities, and noise in our lives?

4. Each person has only a limited amount of what?

5. What is the purpose of dividing income and expenses into categories?

(see the answer key)

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