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

Multiple Choice Questions

1. What does Livingston figure out he has to do to make a lot of money?
(a) Keep his money riding longer.
(b) Play one stock consistently.
(c) Trade on broad principles.
(d) Spread his money around.

2. What does Livingston conclude when Union Pacific announces a dividend?
(a) He had read the insiders correctly.
(b) The company is poorly run.
(c) The stock is worthless.
(d) They are borrowing money from somewhere.

3. How does he start out selling Union Pacific?
(a) Slowly at first.
(b) He talks to the brokage manager.
(c) Shares every other week.
(d) All at once.

4. How much money does Livingston make when he first comes back from St. Louis?
(a) He loses money.
(b) He makes a huge amount of money.
(c) He gains slowly, but steadily.
(d) He makes a moderate amount of money.

5. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) $10,000.
(b) A million dollars.
(c) $155000.
(d) $50,000.

Short Answer Questions

1. What does Livingston notice not long after selling off his Union Pacific stock?

2. Why is corn having a hard time getting to the market?

3. What type of time is the trading at a bucket shop?

4. What is one trait Livingston says a successful stock trader must have?

5. What is happening to wheat prices when Livingston is trading it?

(see the answer key)

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