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

Multiple Choice Questions

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

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

3. What broad category are alcohol and tobacco subcategories of?
(a) Acceptable expenses.
(b) Occasional expenses.
(c) Recreational expenses.
(d) Forbidden expenses.

4. What items are included in everything owned?
(a) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(b) Add together everything owned, then subtract everything owed.
(c) All items in the garage and basement.
(d) All items purchased during a lifetime.

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

Short Answer Questions

1. What do the authors suggest that people divide their spending into?

2. People should have enough savings to cover expenses for how long?

3. Which perspective of money should readers embrace?

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

5. According to many Americans, what is considered a sin?

(see the answer key)

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