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

Multiple Choice Questions

1. Why did Livingston stop in New Haven on his way to New York?
(a) To take a job.
(b) To bet in a bucket shop.
(c) To see his brother.
(d) To see his mother.

2. Why is corn having a hard time getting to the market?
(a) Due to government regulations.
(b) Due to a union stike.
(c) Due to the roads.
(d) Due to the weather.

3. What does Livingston say is the most important thing?
(a) Have a general strategy and stick with it.
(b) Be prepared to hold stocks for years.
(c) Follow your hunches.
(d) Be prepared to lose money.

4. What kind of trading is done at a bucket shop?
(a) Highly technical.
(b) Throw back.
(c) Superficial.
(d) Subjective.

5. What do the small shops agree Livingston can do?
(a) Buy and sell at the same time.
(b) Open a very large account.
(c) Buy on margin.
(d) Trade on the prices quoted.

Short Answer Questions

1. What does Livingston do to prevent being broke again?

2. What does Livingston hear about a well known cotton trader?

3. Why does Livingston meet with Percy Thomas?

4. Why should a trader start with a small trade?

5. What has he regretted ignoring in the past?

(see the answer key)

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