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

Multiple Choice Questions

1. What is Step 6?
(a) Minimizing spending.
(b) Determining net worth.
(c) Creating a wall chart.
(d) Planning for retirement.

2. What is one of the main economic principles most businesses follow?
(a) Growth is good.
(b) Going green is good.
(c) Technology is good.
(d) Debt is good.

3. What is the first half of Step 2?
(a) Determine net worth.
(b) Determine real hourly wage.
(c) Determine real hours worked.
(d) Not feeling shame or blame.

4. The numbers along the y-axis should increase by what increment?
(a) 10 or 20.
(b) 1 or 2.
(c) 100 or 200.
(d) 1,000 or 2,000.

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

Short Answer Questions

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

2. What is the intrinsic value of money?

3. In Question 1, for each expense, participants must ask if they received fulfillment, satisfaction, and value in proportion to what?

4. The wall chart should accommodate data for how long?

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

(see the answer key)

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