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

Multiple Choice Questions

1. On average, what do Americans have less of than ever before?
(a) Debt.
(b) Children.
(c) Savings.
(d) Education.

2. How is a real hourly wage figured?
(a) Divide real pay by actual hours worked.
(b) Divide real pay by real hours worked.
(c) Divide real hours worked by work expenses.
(d) Divide real hours worked by real pay.

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

4. What is the state of having enough to spend in order to purchase just enough?
(a) The peak of the fulfillment curve.
(b) The middle of the success spectrum.
(c) The peak of the success spectrum.
(d) The bottom of the fulfillment curve.

5. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They are lazy.
(b) They fear success.
(c) They are too busy working.
(d) They are insecure.

Short Answer Questions

1. Each person has only a limited amount of what?

2. What does the physical perspective of money include?

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?

4. Why do people buy more than they need?

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

(see the answer key)

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