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

Multiple Choice Questions

1. Which perspective of money should readers embrace?
(a) Hedges against inflation.
(b) Personal responsibility and transformation.
(c) Life energy.
(d) A personal perspective.

2. What are dreams good clues to?
(a) The future.
(b) Hours slept per night.
(c) Values, purpose, and life mission.
(d) Employment options.

3. How is net worth determined?
(a) Add together everything owned, then subtract everything owed.
(b) All items purchased during a lifetime.
(c) Multiply monthly income by 12.
(d) Estimated current sale price of all items currently owned, plus other assets such as cash and investments.

4. Why are expensive convenience foods considered to be a work expense?
(a) People are too tired after work to make dinner.
(b) Convenience foods promote life energy.
(c) Factories employ people to produce convenience foods.
(d) Unemployed people cannot afford convenience foods.

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

Short Answer Questions

1. On average, what do Americans have less of than ever before?

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

3. Where do values come from?

4. What are piggy banks and cookie jars examples of?

5. What determines mastery of Step 3?

(see the answer key)

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