Your Money or Your Life Test | Mid-Book Test - Easy

Joe Dominguez
This set of Lesson Plans consists of approximately 131 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

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

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

3. What do most people claim to value more than money?
(a) Their jobs.
(b) Their health.
(c) Their lives.
(d) Their talents.

4. What is the intrinsic value of money?
(a) Physical.
(b) Money has no intrinsic value.
(c) Emotional and psychological.
(d) Real hourly wage.

5. What are comforts, as defined in Chapter 1?
(a) Pillows and mattresses.
(b) Things people really enjoy.
(c) Employment and financial security.
(d) Emotional support.

6. What is budgeting similar to?
(a) Filing taxes.
(b) Dieting.
(c) Mathematics.
(d) Reducing income.

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

8. What allows people to enjoy their planet, community, and spirituality more than ever before?
(a) Living frugally.
(b) Retirement.
(c) Being green.
(d) Taking more vacations.

9. 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 life energy spent equals a longer lifespan.
(c) More time available for continuing education.
(d) Less money available to spend.

10. What are "gazingus pins?"
(a) Pins to attach to a spending chart to indicate unnecessary expenses.
(b) Larger-than-standard pins.
(c) Clips to attach spending charts to refrigerators or bulletin boards.
(d) Any items the reader has an unreasonable amount of, due to habitual shopping.

11. What does the amount spent divided by real hourly wage equal?
(a) Money saved at the end of the month.
(b) Total allowable expenses.
(c) The real amount of life energy spent.
(d) Net worth.

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

13. Question 1 is answered with a plus sign under what circumstance?
(a) If the expenditure was worth the life energy spent.
(b) If income is greater than expenses for the month.
(c) If the expenditure was a necessity.
(d) If the purchase was work-related.

14. Each person has only a limited amount of what?
(a) Emotional energy.
(b) Intrinsic value.
(c) Life energy.
(d) Money.

15. What is the first half of Step 2?
(a) Determine net worth.
(b) Not feeling shame or blame.
(c) Determine real hours worked.
(d) Determine real hourly wage.

Short Answer Questions

1. The charts shown in the book for single people and couples are meant to be used how?

2. 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?

3. Attitude toward buying groceries is part of which perspective of money?

4. What is Step 1, Part 2 of the program?

5. What is Step 1, Part 1 of the program?

(see the answer keys)

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