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

Multiple Choice Questions

1. Why does Livingston keep losing money on stocks?
(a) He's reacting to price and movement.
(b) He gets distracted by numbers.
(c) He plays like it's a game.
(d) He doesn't understand some of the companies.

2. What does Roberts suggest to Livingston?
(a) Going back to school.
(b) Opening a bucket shop himself.
(c) Betting on corn and wheat.
(d) Smaller, alternate exchanges.

3. How does Livingston portray himself to the small exchanges?
(a) Someone who is very, very wealthy.
(b) Someone who has never thought about stocks.
(c) Someone who has lost a lot of money on Wall Street.
(d) Someone who is very knowledgeable.

4. How are the quotes for stocks disseminated?
(a) Called out.
(b) Sent to brokers by runners.
(c) Called in by phone.
(d) Show up on a computer screen.

5. How much regulation is there in the stock market during Livingston's era?
(a) The SDIC is watching everyone constantly.
(b) There is a moderate amount.
(c) It has many rules.
(d) Very little regulation.

Short Answer Questions

1. The price on the stocks in bucket shops is in what according to time?

2. What fascinates the young Livingston?

3. What do the small shops agree Livingston can do?

4. Why did Livingston stop in New Haven on his way to New York?

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

(see the answer key)

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