|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. How much money does Livingston make when he first comes back from St. Louis?
(a) He makes a moderate amount of money.
(b) He gains slowly, but steadily.
(c) He makes a huge amount of money.
(d) He loses money.
2. What does Livingston want to do when he sees the market rallying?
(a) Prove it's only temporary.
(b) Switch to bonds.
(c) Buy a lot of stock.
(d) Not do anything.
3. What does Livingston say is impossible to catch?
(a) A stock just being offered.
(b) Tiny fluctuations of the market.
(c) A stock on the rise.
(d) Two stocks related moving in different directions.
4. What do the banks ask Livingston to not do during the panic of 1907?
(a) Buy any more stock.
(b) Sell commodities.
(c) Sell any more stock.
(d) Buy mutual funds.
5. What does Livingston figure out he has to do to make a lot of money?
(a) Keep his money riding longer.
(b) Spread his money around.
(c) Trade on broad principles.
(d) Play one stock consistently.
Short Answer Questions
1. Under what authority are bucket shops allowed?
2. Why is corn having a hard time getting to the market?
3. Where does Livingston go when he leaves Boston?
4. When does a trader err when trading?
5. What happens to Livingston when he takes Percy's advice?
Short Essay Questions
1. How did Livingston make a lot of money in cotton?
2. What does Livingston discuss concerning stocks in Chapter V?
3. Why does Livingston take so long to figure out the stock market and what happens then?
4. What do customers in bucket shops do?
5. What does Livingston say again about the bucket shops and Wall Street?
6. What does the trader Roberts suggest to Livingston?
7. Why was Livingston banned from the bucket shops and what did the last one he bet at do?
8. Why does Livingston return to Boston and what happens when he does?
9. What does Livingston believe is his best guide to trading and what does he say a good trader must be?
10. What commodities has Livingston been trading and how is that going?
This section contains 908 words
(approx. 4 pages at 300 words per page)