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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 4.

Multiple Choice Questions

1. What can help people determine what they value?
(a) Asking how they would spend their time if they had one year to live.
(b) Assessing their careers.
(c) Studying family history.
(d) What items they possess.

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

3. On average, what do Americans have less of than ever before?
(a) Children.
(b) Savings.
(c) Education.
(d) Debt.

4. What is a possible advantage of switching to a lower-paying job?
(a) More time available for continuing education.
(b) Ultimately earning more for each hour of life energy spent.
(c) Less money available to spend.
(d) Less life energy spent equals a longer lifespan.

5. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A plus.
(b) A zero.
(c) A check.
(d) A minus.

Short Answer Questions

1. What have many people been told by parents and guidance counselors?

2. Why should clothing be broken down into smaller categories, such as informal, work, sports, etc.?

3. What is the intrinsic value of money?

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

5. What is budgeting similar to?

(see the answer key)

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