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

Multiple Choice Questions

1. What determines mastery of Step 3?
(a) When income exceeds spending.
(b) When the actual money left at the end of the month equals the amount shown by recordkeeping.
(c) When gross income has been determined.
(d) When life energy equals net worth.

2. What is the term for the unnecessary things, activities, and noise in our lives?
(a) Comforts.
(b) Security.
(c) Luxuries.
(d) Clutter.

3. What does the physical perspective of money include?
(a) Gold.
(b) Personal responsibility and transformation.
(c) Balancing a checkbook.
(d) Using PIN numbers.

4. The charts shown in the book for single people and couples are meant to be used how?
(a) As inspiration.
(b) As strict guides.
(c) As a family budget.
(d) As tax records.

5. What is budgeting similar to?
(a) Mathematics.
(b) Filing taxes.
(c) Dieting.
(d) Reducing income.

Short Answer Questions

1. What do people earn money by trading?

2. What is the purpose of dividing income and expenses into categories?

3. What attitude do the authors want readers to carry?

4. What should be included in the "miscellaneous" category?

5. Each person has only a limited amount of what?

(see the answer key)

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