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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. For Question 1, what should be written in the chart if just enough was spent on an item?
(a) A minus.
(b) A check.
(c) A zero.
(d) A plus.

2. What do people earn money by trading?
(a) Excess possessions.
(b) Life energy.
(c) Job skills.
(d) Stocks and bonds.

3. Most Americans divide their discretionary time equally between what two activities?
(a) Working and spending.
(b) Leisure and retirement.
(c) Family and friends.
(d) Eating and drinking.

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

5. What does the amount spent divided by real hourly wage equal?
(a) Net worth.
(b) The real amount of life energy spent.
(c) Money saved at the end of the month.
(d) Total allowable expenses.

6. 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.

7. What should participants do if the answer to Question 2 is "no" for a particular item?
(a) Either change actions to align with values or change values to align with actions.
(b) Find a new career path.
(c) Find a new life purpose.
(d) Donate the item to charity.

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

9. What must a person do to become financially independent?
(a) Work harder.
(b) Save as much as possible.
(c) Inherit from rich relatives.
(d) Let go of everything they have learned about money.

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

11. What does Chapter 4 help people to figure out?
(a) How to increase income.
(b) What is fulfilling for them.
(c) How to reduce expenses.
(d) How to save life energy.

12. Why should people not budget their money?
(a) Budgeting increases spending.
(b) Budgeters are inclined to mathematical error.
(c) Budgeting takes time away from family activities.
(d) Budgeters feel as if they are giving up something they love.

13. Why do many people give up time with family, working on hobbies, and fulfilling dreams?
(a) They fear success.
(b) They are too busy working.
(c) They are insecure.
(d) They are lazy.

14. What makes the difference between a good life and a great life?
(a) A good job or a great job.
(b) Having more leisure time than work time.
(c) Contributing money, energy, or time after having enough.
(d) Being poor versus being rich.

15. How many perspectives of money are there?
(a) One for each person.
(b) Four.
(c) An infinite number.
(d) Six.

Short Answer Questions

1. What causes people to believe that "growth is good" and "more is better?"

2. Where do values come from?

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

4. Why should people ask themselves how they can help others to avoid pain they have experienced?

5. According to many Americans, what is considered a sin?

(see the answer keys)

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