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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3.

Multiple Choice Questions

1. How often should people total their income and expenses?
(a) Whenever a paycheck is deposited.
(b) Daily.
(c) Once a week.
(d) Once a month.

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

3. What does the amount spent divided by real hourly wage equal?
(a) Money saved at the end of the month.
(b) The real amount of life energy spent.
(c) Total allowable expenses.
(d) Net worth.

4. What should the amount started with at the beginning of the month, plus total income, minus total expenses equal?
(a) The amount shown on a bank statement.
(b) Net worth.
(c) The amount of money they have left at the end of the month.
(d) Gross income.

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

Short Answer Questions

1. What items are included in everything owned?

2. According to many Americans, what is considered a sin?

3. How is a real hourly wage figured?

4. What will eventually run out?

5. If people spend half of their time sleeping, eating, and doing everything necessary for maintaining their bodies, then the other half is available for what?

(see the answer key)

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