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

Multiple Choice Questions

1. Where do most products we purchase end up?
(a) Passed on to the next generation.
(b) In landfills.
(c) Overseas.
(d) In garage sales.

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

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

4. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
(a) Net worth.
(b) The amount of money they have left at the end of the month.
(c) The amount shown on a bank statement.
(d) Gross income.

5. What have many people been told by parents and guidance counselors?
(a) Employment security is more important than happiness.
(b) That the job market is tight.
(c) Money is more important than happiness.
(d) That they can be anything they want to be.

Short Answer Questions

1. What is the intrinsic value of money?

2. Why are small, specific categories recommended over traditional, broad categories?

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

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

5. What do people earn money by trading?

(see the answer key)

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