Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9.
Multiple Choice Questions
1. What is Step 7?
(a) Minimizing debt.
(b) Maximizing income.
(c) Reducing clutter.
(d) Increasing life energy.
2. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Being green.
(b) Retirement.
(c) Living frugally.
(d) Taking more vacations.
3. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If the expense category will most likely cease after retirement.
(b) If that expense category will most likely be reduced after retirement.
(c) If monthly expenses exceed monthly income.
(d) If the expense category does not fit with values.
4. Being financially independent requires what?
(a) Retirement.
(b) Having savings and no debt.
(c) Earning life energy.
(d) Inheriting a large estate.
5. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?
(a) To avoid purchases that are worn only once.
(b) To allow for a greater volume of work-related purchases.
(c) To encourage participation in sports.
(d) To encourage donations of older clothes to charity.
Short Answer Questions
1. According to the authors, how can U.S. Treasury Bonds and U.S. Agency Bonds be described?
2. People should have enough savings to cover expenses for how long?
3. Some people reach the top of their profession and make good money, yet are still not what?
4. On average, what do Americans have less of than ever before?
5. What do advertisements teach Americans?
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