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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8.

Multiple Choice Questions

1. Why do people feel very free when volunteering?
(a) Volunteering can lead to job offers.
(b) Because they do not have to be there, and can do things their way.
(c) Volunteer work is unpaid.
(d) Volunteering requires no skill.

2. A person's crossover point is an estimate based on which type of expenses?
(a) Monthly expenses after retirement.
(b) Food and housing only.
(c) Food, housing, insurance, and health.
(d) Monthly expenses while they are working.

3. What should retired people do with their excess monthly income?
(a) Determing a new crossover point.
(b) Use it to buy life energy.
(c) Reinvest it or use it to do new projects.
(d) Help other family members reach the crossover point.

4. The charts shown in the book for single people and couples are meant to be used how?
(a) As a family budget.
(b) As strict guides.
(c) As tax records.
(d) As inspiration.

5. Monthly investment income is calculated by determining current excess money each month, then doing what?
(a) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then multiplying by 12.
(b) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then multiplying by 12.
(c) Multiplying it by the current short-term interest rate for U.S. Treasury bonds, then dividing by 12.
(d) Multiplying it by the current long-term interest rate for U.S. Treasury bonds, then dividing by 12.

Short Answer Questions

1. How should program participants adjust their medical insurance?

2. Earning, saving, and spending money are part of which perspective?

3. When can program participants consider retirement?

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

5. If "work" is different from "paid employment," then which of the following is true?

(see the answer key)

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