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

Multiple Choice Questions

1. How does he start out selling Union Pacific?
(a) He talks to the brokage manager.
(b) All at once.
(c) Shares every other week.
(d) Slowly at first.

2. What do the insiders of Tropical Trading do when Livingston goes short?
(a) Ask him to hold on to the stock.
(b) Run the stock back up.
(c) Put bad articles about him in the newspaper.
(d) Make the price drop way down.

3. What does Livingston conclude when Union Pacific announces a dividend?
(a) They are borrowing money from somewhere.
(b) The company is poorly run.
(c) He had read the insiders correctly.
(d) The stock is worthless.

4. Who convinces Livingston that Union Pacific is manipulating him?
(a) His wife.
(b) His mentor.
(c) The branch manager.
(d) His best friend.

5. What does Livingston believe about the cotton market when he and Percy are discussing it?
(a) It's a bear market.
(b) It's a dull market.
(c) It's too volatile.
(d) It's a bull market.

Short Answer Questions

1. Why does Livingston want to sell Union Pacific?

2. What has happened to Percy recently in the market?

3. What does Livingston do to retaliate against the insiders?

4. What happens to Livingston when he takes Percy's advice?

5. What does Livingston notice not long after selling off his Union Pacific stock?

(see the answer key)

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