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

Multiple Choice Questions

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

2. Where do most products we purchase end up?
(a) In garage sales.
(b) Overseas.
(c) In landfills.
(d) Passed on to the next generation.

3. What is a possible advantage of switching to a lower-paying job?
(a) Ultimately earning more for each hour of life energy spent.
(b) Less money available to spend.
(c) Less life energy spent equals a longer lifespan.
(d) More time available for continuing education.

4. Why do people buy more than they need?
(a) To fight inflation.
(b) Survival instinct.
(c) Greed.
(d) To donate to charity.

5. According to many Americans, what is considered a sin?
(a) Spending too much.
(b) Buying low, selling high.
(c) Just sitting around and enjoying life.
(d) Working too much.

Short Answer Questions

1. How many perspectives of money are there?

2. How often should people total their income and expenses?

3. What are piggy banks and cookie jars examples of?

4. What is the state of having enough to spend in order to purchase just enough?

5. What is the second half of Step 2?

(see the answer key)

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