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

2. Earning, saving, and spending money are part of which perspective?
(a) Physical.
(b) Life energy.
(c) Inflation.
(d) Emotional and psychological.

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

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

5. What is an important aspect of the second half of Step 2?
(a) Tracking net worth.
(b) Not feeling shame or blame.
(c) Saving as much money as possible.
(d) Saving life energy.

Short Answer Questions

1. How is a real hourly wage figured?

2. What is the second half of Step 2?

3. Why do people buy more than they need?

4. Why are vacations considered to be a work expense?

5. What is the term for the unnecessary things, activities, and noise in our lives?

(see the answer key)

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