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. What causes emptiness?
(a) After buying a new item, the temporary happiness fades.
(b) After spending time with family, the temporary happiness fades.
(c) Spending too much time on leisure activities.
(d) Losing a job.

2. What is the term for the unnecessary things, activities, and noise in our lives?
(a) Clutter.
(b) Comforts.
(c) Security.
(d) Luxuries.

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

4. How is a real hourly wage figured?
(a) Divide real pay by real hours worked.
(b) Divide real pay by actual hours worked.
(c) Divide real hours worked by real pay.
(d) Divide real hours worked by work expenses.

5. Which perspective is feeling connected to a certain social class part of?
(a) Emotional and psychological.
(b) Personal responsibility and transformation.
(c) Life energy.
(d) Cultural.

6. What does Question 2 help people to figure out?
(a) Whether income exceeds expenses.
(b) How well they are doing at moving toward their purpose.
(c) Life energy spent.
(d) How will expenses change after retirement?

7. For Question 3 under what circumstance would one enter a minus sign on the chart?
(a) If the expense category does not fit with values.
(b) If monthly expenses exceed monthly income.
(c) If the expense category will most likely cease after retirement.
(d) If that expense category will most likely be reduced after retirement.

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

9. What is an important aspect of the second half of Step 2?
(a) Not feeling shame or blame.
(b) Tracking net worth.
(c) Saving life energy.
(d) Saving as much money as possible.

10. What do advertisements teach Americans?
(a) Buy low, sell high.
(b) Relax, relax, and relax some more.
(c) Consume, consume, and comsume some more.
(d) Work, work, and work some more.

11. What must a person do to become financially independent?
(a) Inherit from rich relatives.
(b) Let go of everything they have learned about money.
(c) Save as much as possible.
(d) Work harder.

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

13. What does the physical perspective of money include?
(a) Gold.
(b) Using PIN numbers.
(c) Balancing a checkbook.
(d) Personal responsibility and transformation.

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

15. What attitude do the authors want readers to carry?
(a) No guts, no glory.
(b) No pain, no gain.
(c) No harm, no foul.
(d) No shame, no blame.

Short Answer Questions

1. Why do many people give up time with family, working on hobbies, and fulfilling dreams?

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

3. What are dreams good clues to?

4. Each person has only a limited amount of what?

5. What will eventually run out?

(see the answer keys)

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