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

Multiple Choice Questions

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

2. Why should people ask themselves how they can help others to avoid pain they have experienced?
(a) To find a new career option.
(b) To reduce stress.
(c) To determine their real purpose in life.
(d) To take their minds off their financial issues.

3. Where do values come from?
(a) Working harder.
(b) Saving money.
(c) Bargain hunting.
(d) Beliefs.

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

5. Under which category does money paid to employ servants and service workers fall?
(a) Keeping up with the neighbors.
(b) Cultural.
(c) More is better.
(d) Work-related expense.

6. How often should people total their income and expenses?
(a) Daily.
(b) Once a week.
(c) Whenever a paycheck is deposited.
(d) Once a month.

7. Why are vacations considered to be a work expense?
(a) They are necessary to relieve work-related stress.
(b) They are required by law.
(c) Most employees take laptops or cell phones on vacation.
(d) Only employed individuals can afford vacations.

8. How should people reduce spending?
(a) By staying home.
(b) By increasing awareness of how much life energy it takes to pay for each expense.
(c) By taking a lower-paying job.
(d) By putting money in the bank.

9. In Question 2, what must participants ask if each expenditure is in alignment with?
(a) Family needs.
(b) Hours spent at work.
(c) Their values and life purpose.
(d) Statistical norms.

10. What does Question 2 help people to figure out?
(a) Whether income exceeds expenses.
(b) How will expenses change after retirement?
(c) Life energy spent.
(d) How well they are doing at moving toward their purpose.

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

12. What is the term for the unnecessary things, activities, and noise in our lives?
(a) Luxuries.
(b) Security.
(c) Comforts.
(d) Clutter.

13. According to many Americans, what is considered a sin?
(a) Spending too much.
(b) Buying low, selling high.
(c) Working too much.
(d) Just sitting around and enjoying life.

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

15. What are piggy banks and cookie jars examples of?
(a) Savings categories.
(b) Items too fragile to hold anything but paper money.
(c) Symbols to place next to money-saving items in a monthly chart.
(d) Places where a person should never keep money.

Short Answer Questions

1. People should spend only until they are fulfilled, just as they should do what?

2. Which of the following does the emotional and psychological perspective of money include?

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

4. For Question 1, what should be written in the chart if just enough was spent on an item?

5. What do most people claim to value more than money?

(see the answer keys)

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