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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XVIII.

Multiple Choice Questions

1. Why did Livingston refuse the offer of partnership with Percy?
(a) He works alone.
(b) He didn't like Percy's methods.
(c) He doesn't like being involved in cotton.
(d) He thinks Percy is on the illicit side of manipulations.

2. Why does Livingston meet with Percy Thomas?
(a) Percy caused Livingston to lose a lot of money.
(b) Thomas asked to meet him and he admires Percy.
(c) Percy caused Livingston to make a lot of money.
(d) Percy was a friend of Livingston's brother.

3. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into commodoties.
(b) Went into index funds.
(c) Bought a lot of mutual funds.
(d) Started buying Union Pacific again.

4. What does Livingston decide from the Union Pacific situation?
(a) To practice understanding insider actions.
(b) To go back to school to learn more.
(c) To listen more carefully to his manager.
(d) To only trust himself.

5. What does Livingston do to retaliate against the insiders?
(a) Tells the newspaper it's going under.
(b) Tells all his friends to sell.
(c) Buys all the low priced shares.
(d) Sells a bunch of the parent company stock.

Short Answer Questions

1. Why does Livingston want to sell Union Pacific?

2. What does Livingston conclude when Union Pacific announces a dividend?

3. What happens to Livingston when he takes Percy's advice?

4. Who convinces Livingston that Union Pacific is manipulating him?

5. What does everyone finally think about Tropical Trading?

(see the answer key)

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