Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.
Multiple Choice Questions
1. What is the state of having enough to spend in order to purchase just enough?
(a) The bottom of the fulfillment curve.
(b) The peak of the fulfillment curve.
(c) The middle of the success spectrum.
(d) The peak of the success spectrum.
2. What causes people to believe that "growth is good" and "more is better?"
(a) Personal responsibility.
(b) Intrinsic value of money.
(c) Fear of inflation, recession, and depression.
(d) Emotional and psychological perspective of money.
3. Which perspective of money should readers embrace?
(a) Life energy.
(b) Hedges against inflation.
(c) A personal perspective.
(d) Personal responsibility and transformation.
4. What is budgeting similar to?
(a) Dieting.
(b) Mathematics.
(c) Reducing income.
(d) Filing taxes.
5. Why should readers not use premade categories from other budget books?
(a) Everyone has different spending habits.
(b) Some categories may be out of date.
(c) Other budget books are inferior.
(d) Some categories are difficult to track.
Short Answer Questions
1. What must a person do to become financially independent?
2. On average, what do Americans have more of than ever before?
3. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
4. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
5. What do most people claim to value more than money?
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