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

Multiple Choice Questions

1. Which of the following does the emotional and psychological perspective of money include?
(a) Using credit cards.
(b) The tendency to spend quickly or cautiously.
(c) Fear of unemployment.
(d) Personal responsibility.

2. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To take their minds off their financial issues.
(b) To reduce stress.
(c) To find a new career option.
(d) To determine their real purpose in life.

3. What must people do in order to make Step 3 work?
(a) Be as truthful as possible.
(b) Reduce spending.
(c) Work fewer hours.
(d) Work more hours.

4. Why are small, specific categories recommended over traditional, broad categories?
(a) Smaller categories allow people to determine which purchases bring only temporary happiness.
(b) Specific categories are easier to place on a chart.
(c) Broad categories cost more life energy.
(d) Broad categories work only for high-income individuals.

5. What do people earn money by trading?
(a) Life energy.
(b) Job skills.
(c) Excess possessions.
(d) Stocks and bonds.

Short Answer Questions

1. Why should readers not use premade categories from other budget books?

2. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

3. What is the final part of Step 3?

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

5. Some people reach the top of their profession and make good money, yet are still not what?

(see the answer key)

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