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

Multiple Choice Questions

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

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

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

4. What is the purpose of dividing income and expenses into categories?
(a) To determine net worth.
(b) To judge whether expenses are worth the life energy spent.
(c) To determine if enough money will be available for retirement.
(d) To decide if a career change is warranted.

5. What are comforts, as defined in Chapter 1?
(a) Emotional support.
(b) Things people really enjoy.
(c) Employment and financial security.
(d) Pillows and mattresses.

Short Answer Questions

1. What broad category are alcohol and tobacco subcategories of?

2. The charts shown in the book for single people and couples are meant to be used how?

3. What is the state of having enough to spend in order to purchase just enough?

4. What is the key to good spending habits?

5. What does the amount spent divided by real hourly wage equal?

(see the answer key)

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