FP Q The Richest Man of Babylon, pages 30-40

Who is the Richest man in Babylon?

• Bansir

• Arkad

• The King of Babylon

• Algamish

Why does the king request to speak to Arkad?

• He wants Arkad's gold

• A lot of citizens are getting rich and want to know how

• He wants Arkad to teach the citizens to be rich

• He wants to negociate with Arkad about gold

How many men the king get together to listen to Arkad?

• 50

• 100

• 200

• 500

What is the first advice the group of men received?

• To take out only 9 out of 10 parts, that goes in to your purse

• Keep the gold for yourself first

• Invest your money

• Have slaves work for you

How many days would the men get together?

• 3

• 7

• 10

• 30

"Why should so few men be able to acquire all the gold?"

• Because they know how

• The always have had it

• They work the hardest

• They own more slaves

What does Arkad says it happens to the 'necessary expenses'

• Every man have different expenses

• They grow equal to a man's income

• They need to be paid before unnecessary expenses

• Spend no more than 10% in necessary expenses

Arkad refers to _______, as "first

assistant in defending thy fattening purse"

• Cash Flow

• Balance Sheet

• Budget

• Sowrd

What is the third cure?

• Save 10% of your earnings

• Lower your expenses

• Multiply your gold

• Keep good financial statements

What lesson is thought with the story of the farmer and the money lender?

• not to lend money to unwise men

• the power of compound interest

• how expensive is to borrow money from a money lender

• farmers and money lenders do net get along