Chapter 01
Money Matters: Values, Vision, Mission, and You
Multiple Choice Questions
1. A simple, stress-free lifestyle in which consumption, materialism, and wealth
accumulation are minimized is:
A. Personal values
B. Voluntary simplicity
C. Financial plan
D. 90-10 rule
2. The rule for allocating your money that takes into account community
responsibility and retirement is called the _________________ rule.
A. 90-5-5
B. 82-8-10
C. 60-20-20
D. 80-10-10
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
,3. This is a combination of your values, how you were raised, and your parent's
traits.
A. Voluntary simplicity
B. Money personality
C. Frugal
D. Personal values
4. Which of the following plans is not incorporated in a financial plan?
A. Budget plan
B. Investment plan
C. Estate plan
D. Education plan
5. To be frugal includes all of the following except
A. Being resourceful when satisfying your need for goods and services
B. Buying all of the things you want
C. Using already owned items
D. Practicing restraint in how you consume goods and services
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
,6. All of the following are examples of being frugal except:
A. Using coupons
B. Spending 100% of your paycheck
C. Considering needed items found in the classified ad section of the newspaper
D. Buying items you need of value
7. Money personality is:
A. The point at which spending more money has a diminishing rate of fulfillment
B. Sufficient means to support oneself
C. Your style and habits of money management
D. Income from your investments
8. Which is not an example of being frugal?
A. Buying a used car
B. Hiring someone to paint your living room
C. Buying the things you need
D. All of these
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
, 9. What rule(s) is (are) a good way to allocate your money?
A. 80-10-10 rule
B. 90-10 rule
C. 70-30 rule
D. Both 80-10-10 or 90-10 are good ways to allocate money
10. What is voluntary simplicity?
A. Volunteering your time and money to help a great cause
B. A high-stress, complicated lifestyle in which consumption and materialism are
increased
C. Being resourceful when fulfilling your need for goods and services, using
already owned items, and doing it yourself
D. A simple, low-stress lifestyle where consumption and materialism are
minimized
11. Being frugal means:
A. To be very tight with money
B. To spend money carelessly
C. To be resourceful when fulfilling your need for goods and services
D. Shopping to improve your mood
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Money Matters: Values, Vision, Mission, and You
Multiple Choice Questions
1. A simple, stress-free lifestyle in which consumption, materialism, and wealth
accumulation are minimized is:
A. Personal values
B. Voluntary simplicity
C. Financial plan
D. 90-10 rule
2. The rule for allocating your money that takes into account community
responsibility and retirement is called the _________________ rule.
A. 90-5-5
B. 82-8-10
C. 60-20-20
D. 80-10-10
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
,3. This is a combination of your values, how you were raised, and your parent's
traits.
A. Voluntary simplicity
B. Money personality
C. Frugal
D. Personal values
4. Which of the following plans is not incorporated in a financial plan?
A. Budget plan
B. Investment plan
C. Estate plan
D. Education plan
5. To be frugal includes all of the following except
A. Being resourceful when satisfying your need for goods and services
B. Buying all of the things you want
C. Using already owned items
D. Practicing restraint in how you consume goods and services
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
,6. All of the following are examples of being frugal except:
A. Using coupons
B. Spending 100% of your paycheck
C. Considering needed items found in the classified ad section of the newspaper
D. Buying items you need of value
7. Money personality is:
A. The point at which spending more money has a diminishing rate of fulfillment
B. Sufficient means to support oneself
C. Your style and habits of money management
D. Income from your investments
8. Which is not an example of being frugal?
A. Buying a used car
B. Hiring someone to paint your living room
C. Buying the things you need
D. All of these
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
, 9. What rule(s) is (are) a good way to allocate your money?
A. 80-10-10 rule
B. 90-10 rule
C. 70-30 rule
D. Both 80-10-10 or 90-10 are good ways to allocate money
10. What is voluntary simplicity?
A. Volunteering your time and money to help a great cause
B. A high-stress, complicated lifestyle in which consumption and materialism are
increased
C. Being resourceful when fulfilling your need for goods and services, using
already owned items, and doing it yourself
D. A simple, low-stress lifestyle where consumption and materialism are
minimized
11. Being frugal means:
A. To be very tight with money
B. To spend money carelessly
C. To be resourceful when fulfilling your need for goods and services
D. Shopping to improve your mood
© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in
any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
