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

Multiple Choice Questions

1. Which of the following does the emotional and psychological perspective of money include?
(a) Using credit cards.
(b) Fear of unemployment.
(c) Personal responsibility.
(d) The tendency to spend quickly or cautiously.

2. What is Step 1, Part 2 of the program?
(a) Determine how much money has been earned so far in a lifetime.
(b) Declutter the garage and basement.
(c) List everything owned.
(d) Determine net worth.

3. Where do most products we purchase end up?
(a) Passed on to the next generation.
(b) In garage sales.
(c) Overseas.
(d) In landfills.

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

5. Why are vacations considered to be a work expense?
(a) Only employed individuals can afford vacations.
(b) Most employees take laptops or cell phones on vacation.
(c) They are necessary to relieve work-related stress.
(d) They are required by law.

Short Answer Questions

1. What have many people been told by parents and guidance counselors?

2. What causes people to believe that "growth is good" and "more is better?"

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

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

5. What is the first half of Step 2?

(see the answer key)

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