|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. What does Livingston want to do when he sees the market rallying?
(a) Prove it's only temporary.
(b) Not do anything.
(c) Switch to bonds.
(d) Buy a lot of stock.
2. What did Livingston do about individual stocks?
(a) Made charts of their ups.
(b) Paid absolutely no attention to them.
(c) Stopped focusing on them.
(d) Followed them carefully.
3. How do some smaller exchanges double their money?
(a) Switching prices at the last minute.
(b) Allowing margin play.
(c) Getting different customers to buy and sell at the same time.
(d) Taking out too much taxes.
4. On a rising market what should each trade be?
(a) The same as the last one.
(b) Higher than the last one.
(c) The average of all trades.
(d) Lower than the last one.
5. What do the small shops agree Livingston can do?
(a) Buy on margin.
(b) Open a very large account.
(c) Trade on the prices quoted.
(d) Buy and sell at the same time.
Short Answer Questions
1. What does the phrase "go long" mean?
2. Why does it take Livingston so long to understand how to trade?
3. What does Livingston say to do with anything showing a loss?
4. Why does Livingston return to Boston?
5. Why does Livingston want to sell Union Pacific?
Short Essay Questions
1. What happens in October of 1907?
2. What does Livingston do with Roberts suggestion?
3. What job did Livingston have when the book opened and how are stock quotes done?
4. What commodities is Livingston trading and how is that going?
5. What does Livingston do when he can't bet in Boston and how much money does he have?
6. Why does Livingston wish he had not listened to his branch manager?
7. What kind of hunch does Livingston talk about in Chapter VI?
8. What does the trader Roberts suggest to Livingston?
9. How long does Livingston stay in Boston and then what does he do?
10. What concerns Livingston in 1906 and why?
This section contains 734 words
(approx. 3 pages at 300 words per page)