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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.

Multiple Choice Questions

1. What makes the difference between a good life and a great life?
(a) Contributing money, energy, or time after having enough.
(b) Having more leisure time than work time.
(c) Being poor versus being rich.
(d) A good job or a great job.

2. What are piggy banks and cookie jars examples of?
(a) Items too fragile to hold anything but paper money.
(b) Symbols to place next to money-saving items in a monthly chart.
(c) Savings categories.
(d) Places where a person should never keep money.

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

4. What is the purpose of dividing income and expenses into categories?
(a) To judge whether expenses are worth the life energy spent.
(b) To determine if enough money will be available for retirement.
(c) To determine net worth.
(d) To decide if a career change is warranted.

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

Short Answer Questions

1. Why do people buy more than they need?

2. What is the key to good spending habits?

3. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?

4. Which of the following does the emotional and psychological perspective of money include?

5. Which perspective is feeling connected to a certain social class part of?

(see the answer key)

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