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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 2.

Multiple Choice Questions

1. What is the intrinsic value of money?
(a) Physical.
(b) Emotional and psychological.
(c) Real hourly wage.
(d) Money has no intrinsic value.

2. Under which category does money paid to employ servants and service workers fall?
(a) Keeping up with the neighbors.
(b) Work-related expense.
(c) More is better.
(d) Cultural.

3. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Intrinsic value.
(b) Greed.
(c) Emotional and psychological.
(d) Cultural.

4. What does the physical perspective of money include?
(a) Personal responsibility and transformation.
(b) Using PIN numbers.
(c) Gold.
(d) Balancing a checkbook.

5. What items are included in everything owned?
(a) All items purchased during a lifetime.
(b) Add together everything owned, then subtract everything owed.
(c) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.
(d) All items in the garage and basement.

Short Answer Questions

1. How is net worth determined?

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

3. Which perspective of money should readers embrace?

4. Which of the following does the cultural perspective of money include?

5. Most Americans divide their discretionary time equally between what two activities?

(see the answer key)

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