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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 9.

Multiple Choice Questions

1. How should program participants adjust their medical insurance?
(a) Accept a higher deductible.
(b) Accept a lower deductible.
(c) Cancel insurance and make healthier lifestyle choices.
(d) Cancel insurance and maintain a medical savings account.

2. What do advertisements teach Americans?
(a) Work, work, and work some more.
(b) Relax, relax, and relax some more.
(c) Buy low, sell high.
(d) Consume, consume, and comsume some more.

3. What is the purpose of dividing income and expenses into categories?
(a) To judge whether expenses are worth the life energy spent.
(b) To decide if a career change is warranted.
(c) To determine if enough money will be available for retirement.
(d) To determine net worth.

4. What is Step 1, Part 2 of the program?
(a) Determine how much money has been earned so far in a lifetime.
(b) List everything owned.
(c) Declutter the garage and basement.
(d) Determine net worth.

5. What have many people been told by parents and guidance counselors?
(a) That the job market is tight.
(b) Employment security is more important than happiness.
(c) That they can be anything they want to be.
(d) Money is more important than happiness.

Short Answer Questions

1. What ultimately controls program participants' total monthly expenses?

2. Which perspective of money should readers embrace?

3. What is the main purpose of the wall chart?

4. What are bare necessities, as defined in Chapter 1?

5. Most Americans divide their discretionary time equally between what two activities?

(see the answer key)

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