Seven Cures for a Lean Purse Name ________________
Content Questions (20 pts.) Date _________ Hour ___
· Please read the story, then answer the following questions.
1) Where in the world is Babylon located? (not given in this writing- see class notes).
2) Describe the economic situation in Babylon that the King and the Chancellor identify on page 23.
3) How old is Arkad in years? _____________
4) What is the goal the King has for the people of Babylon?
5) What is a fortnight? (hint- check the dictionary)
6) What is Arkad going to give to the people of Babylon?
7) According to Arkad, there are how many steps to wealth? __________
8) Describe the first cure in your own words.
9) What economic term best applies to the third paragraph on page 29? (“Confuse not…”)
10) Rewrite the last line in the fifth paragraph on page 29 using different words. (“Thy desires are a multitude and those that thou mayest gratify are but a few.”
11) Explain in your own words the following quotation from page 29, “Let thy motto be one hundred per cent of appreciated value demanded for each coin spent.” What does this mean?
12) According to Arkad, what is the purpose of a budget?
13) Describe the third cure in one word. _______________
14) Why did Arkad’s first investment fail? (be specific)
15) Following Arkad’s advice, what are the steps you should take to guard against making poor investments?
16) Why could owning your own home be a good investment?
17) Define behoove.
18) According to the sixth cure, why should someone look ahead and prepare for the future?
19) Explain the seventh cure in your own words. Give an example.
20) Do you agree with the Seven Cures for a Lean Purse? Why or why not?