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

Multiple Choice Questions

1. What should people do about unusual extra expenses, such as medical bills or birthday parties?
(a) Create an extra chart to track them.
(b) Avoid them whenever possible.
(c) Categorize them as "gazingus pins."
(d) Accept them as a normal part of financial life.

2. What is the best method of choosing which expenses to reduce or eliminate?
(a) Add up the plusses and minuses on the monthly chart.
(b) Use answers to the three questions from Chapter 4.
(c) Compare income to expenses on the wall chart.
(d) Use answers to the three questions from Chapter 3.

3. Which of the following does the cultural perspective of money include?
(a) Fear when investing.
(b) Buying insurance.
(c) Life energy.
(d) Fear of inflation.

4. 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) Emotional and psychological.
(b) Cultural.
(c) Greed.
(d) Intrinsic value.

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

Short Answer Questions

1. How does eating a proper diet make sense financially?

2. What are comforts, as defined in Chapter 1?

3. What do the authors describe as "having a high joy-to-stuff ratio?"

4. Where do most products we purchase end up?

5. Question 1 is answered with a plus sign under what circumstance?

(see the answer key)

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