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

Multiple Choice Questions

1. What does the amount spent divided by real hourly wage equal?
(a) The real amount of life energy spent.
(b) Net worth.
(c) Money saved at the end of the month.
(d) Total allowable expenses.

2. Why are expensive convenience foods considered to be a work expense?
(a) Unemployed people cannot afford convenience foods.
(b) People are too tired after work to make dinner.
(c) Convenience foods promote life energy.
(d) Factories employ people to produce convenience foods.

3. How should people handle unusual extra expenses?
(a) Try to obtain a higher-paying job.
(b) Obtain a home equity loan.
(c) Pay with cash or try to spread the expense out over several months.
(d) Obtain a designated credit card.

4. What are bare necessities, as defined in Chapter 1?
(a) Everything owned by an individual.
(b) A house and car.
(c) All items needed to meet basic physical needs.
(d) Food and water.

5. Taking care of possessions and avoiding shopping are part of which list?
(a) 101 SURE WAYS TO SAVE MONEY.
(b) 1,001 SURE WAYS TO SAVE MONEY.
(c) 10 SURE WAYS TO SAVE MONEY.
(d) 3 SURE WAYS TO SAVE MONEY.

Short Answer Questions

1. What items are included in everything owned?

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

3. Where should monthly investment income be tracked?

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

5. What must people do in order to make Step 3 work?

(see the answer key)

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