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

Multiple Choice Questions

1. Which of the following does the cultural perspective of money include?
(a) Fear when investing.
(b) Fear of inflation.
(c) Life energy.
(d) Buying insurance.

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

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

4. Why should readers not use premade categories from other budget books?
(a) Everyone has different spending habits.
(b) Other budget books are inferior.
(c) Some categories may be out of date.
(d) Some categories are difficult to track.

5. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are too busy working.
(b) They are lazy.
(c) They are insecure.
(d) They fear success.

Short Answer Questions

1. Why do people buy more than they need?

2. What are bare necessities, as defined in Chapter 1?

3. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?

4. What is the final part of Step 3?

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

(see the answer key)

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