Your Money or Your Life Quiz | Eight Week Quiz E

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.

Your Money or Your Life Quiz | Eight Week Quiz E

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Your Money or Your Life Lesson Plans
Name: _________________________ Period: ___________________

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6.

Multiple Choice Questions

1. What should frugal people research before purchasing items?
(a) Value, quality, durability, and multiple use.
(b) Color, style, and multiple use.
(c) Popularity, quality, durability, and multiple use.
(d) Value, quality, and availability.

2. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Avoid them whenever possible.
(b) Categorize them as "gazingus pins."
(c) Create an extra chart to track them.
(d) Accept them as a normal part of financial life.

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

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

5. Why should readers not use premade categories from other budget books?
(a) Some categories are difficult to track.
(b) Other budget books are inferior.
(c) Everyone has different spending habits.
(d) Some categories may be out of date.

Short Answer Questions

1. If people stop buying any extras at all, what are they in danger of doing?

2. How should people reduce spending?

3. The charts shown in the book for single people and couples are meant to be used how?

4. What is one sure way to save money?

5. What is one of the main economic principles most businesses follow?

(see the answer key)

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