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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 6.

Multiple Choice Questions

1. Why are small, specific categories recommended over traditional, broad categories?
(a) Specific categories are easier to place on a chart.
(b) Smaller categories allow people to determine which purchases bring only temporary happiness.
(c) Broad categories work only for high-income individuals.
(d) Broad categories cost more life energy.

2. The wall chart should accommodate data for how long?
(a) Until retirement.
(b) Five to seven months.
(c) Five to seven years.
(d) Seven to ten years.

3. What is the main purpose of the wall chart?
(a) Keep finances on the person's mind, to help them make more conscious choices when spending money.
(b) To replace the monthly chart created previously.
(c) To define commitment to the program.
(d) To define values and purpose.

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(d) Some categories may be out of date.

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

Short Answer Questions

1. What should a participant plot on their wall chart each month?

2. What is a possible advantage of switching to a lower-paying job?

3. Under which category does money paid to employ servants and service workers fall?

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

5. What do people earn money by trading?

(see the answer key)

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