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

Multiple Choice Questions

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

2. Each person has only a limited amount of what?
(a) Life energy.
(b) Money.
(c) Intrinsic value.
(d) Emotional energy.

3. What attitude do the authors want readers to carry?
(a) No guts, no glory.
(b) No harm, no foul.
(c) No pain, no gain.
(d) No shame, no blame.

4. According to many Americans, what is considered a sin?
(a) Spending too much.
(b) Buying low, selling high.
(c) Working too much.
(d) Just sitting around and enjoying life.

5. What is one of the main economic principles most businesses follow?
(a) Growth is good.
(b) Technology is good.
(c) Debt is good.
(d) Going green is good.

Short Answer Questions

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

2. What does the physical perspective of money include?

3. Which perspective is the notion of "keeping up with the neighbors" part of?

4. How is net worth determined?

5. What must a person do to become financially independent?

(see the answer key)

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