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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

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

2. How is net worth determined?
(a) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(b) All items purchased during a lifetime.
(c) Multiply monthly income by 12.
(d) Add together everything owned, then subtract everything owed.

3. How often should people total their income and expenses?
(a) Once a month.
(b) Whenever a paycheck is deposited.
(c) Once a week.
(d) Daily.

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

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

Short Answer Questions

1. What is the term for the unnecessary things, activities, and noise in our lives?

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. On average, what do Americans have more of than ever before?

4. What causes emptiness?

5. What attitude do the authors want readers to carry?

(see the answer key)

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