View a FREE sample

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

Multiple Choice Questions

1. Most Americans divide their discretionary time equally between what two activities?
(a) Leisure and retirement.
(b) Eating and drinking.
(c) Working and spending.
(d) Family and friends.

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

3. What are piggy banks and cookie jars examples of?
(a) Places where a person should never keep money.
(b) Symbols to place next to money-saving items in a monthly chart.
(c) Items too fragile to hold anything but paper money.
(d) Savings categories.

4. What might cause readers to feel guilty, after completing Step 1?
(a) Spending too much time with family.
(b) Seeing their credit score.
(c) Seeing how much they owe or how little they have earned.
(d) Feeling less successful than their work colleagues.

5. Some people reach the top of their profession and make good money, yet are still not what?
(a) Wealthy.
(b) Secure.
(c) Happy.
(d) Married.

Short Answer Questions

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

2. What is the key to good spending habits?

3. People should spend only until they are fulfilled, just as they should do what?

4. What have many people been told by parents and guidance counselors?

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

(see the answer key)

This section contains 288 words (approx. 1 page at 300 words per page) View a FREE sample