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

Multiple Choice Questions

1. 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?
(a) Life energy.
(b) Keeping up with the neighbors.
(c) Whatever they choose.
(d) Managing money.

2. People strive to buy and earn more than they need to live at the peak of their fulfillment curve due to which perspective of money?
(a) Greed.
(b) Cultural.
(c) Intrinsic value.
(d) Emotional and psychological.

3. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Either change actions to align with values or change values to align with actions.
(b) Find a new career path.
(c) Donate the item to charity.
(d) Find a new life purpose.

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

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

Short Answer Questions

1. Which of the following does the cultural perspective of money include?

2. Which of the following does the emotional and psychological perspective of money include?

3. What causes emptiness?

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

5. Attitude toward buying groceries is part of which perspective of money?

(see the answer key)

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