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

Multiple Choice Questions

1. Why should readers not use premade categories from other budget books?
(a) Everyone has different spending habits.
(b) Some categories are difficult to track.
(c) Other budget books are inferior.
(d) Some categories may be out of date.

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

3. What must a person do to become financially independent?
(a) Save as much as possible.
(b) Let go of everything they have learned about money.
(c) Work harder.
(d) Inherit from rich relatives.

4. Attitude toward buying groceries is part of which perspective of money?
(a) Emotional and psychological.
(b) Cultural.
(c) Life energy.
(d) Physical.

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

Short Answer Questions

1. What is the key to good spending habits?

2. How often should people total their income and expenses?

3. What is the intrinsic value of money?

4. What items are included in everything owned?

5. Which perspective is feeling connected to a certain social class part of?

(see the answer key)

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