View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Why does Livingston say traders are often vilified in the press and by other traders?
(a) When they hold onto food crops.
(b) When they make too much money.
(c) When they sell short and the price drops.
(d) When they corner a market.

2. Why is Livingston frustrated when he leaves Williamson's?
(a) The market is no longer good for making money.
(b) The market is going bull.
(c) He has no money yet again.
(d) He had to pay Williamson too much interest.

3. What has the market done about charlatans since Livingston has been trading?
(a) Has them arrested.
(b) Weeds them out.
(c) Tells the newspapers what stocks are bad.
(d) Nothing.

4. When Livingston is looking at the price of Tropical Trading what is the market doing?
(a) Fluctuating wildly.
(b) Going down.
(c) Going up.
(d) Staying the same.

5. When does Livingston hate losing money the most?
(a) When he does everything right.
(b) When he needs money for a stake.
(c) When he follows someone's tip.
(d) When another trader manipulates him into the loss.

Short Answer Questions

1. Why does Imperial Steel hire Livingston?

2. What does Livingston say gives a trader the sense of what to do?

3. Who does Livingston say uses tips to no good ends for their customers?

4. What is one of the forces that can cause a stock spectator's plans to go awry?

5. What does Imperial Steel give Livingston as compensation?

Short Essay Questions

1. How does Livingston think James R. Keene would do in the market of Livingston's era.

2. How does Livingston feel about tips and to what does he attribute his success?

3. What does Livingston do about all his debt?

4. What does Livingston say about forces that can cause plans to go wrong?

5. What does Livingston do when he returns to New York?

6. How does a trader test a stock?

7. Why were the three main stock holders of Consolidated Stove angry at Livingston?

8. What does Livingston say about selling stocks on a payment plan and stock splits?

9. What happens to Livingston after he follows Percy's advice?

10. What does Livingston say about broker letters?

(see the answer keys)

This section contains 940 words (approx. 4 pages at 300 words per page) View a FREE sample