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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 Livingston end up in his dealings with Tropical Trading?
(a) He breaks even.
(b) He loses about half of what he put in.
(c) He makes about $50,000.
(d) He makes about a million dollars.

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

3. What does Union Pacific announce that dismays Livingston?
(a) Plans for new railroads.
(b) A company reorganization.
(c) A dividend.
(d) Bankruptcy filings.

4. Why did Livingston refuse the offer of partnership with Percy?
(a) He works alone.
(b) He thinks Percy is on the illicit side of manipulations.
(c) He didn't like Percy's methods.
(d) He doesn't like being involved in cotton.

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

Short Answer Questions

1. What does Percy believe about the cotton market?

2. Why does Livingston meet with Percy Thomas?

3. What does Livingston do after receiving advice from his manager?

4. How much money did Livingston make on the Union Pacific sell off?

5. What does Livingston conclude when Union Pacific announces a dividend?

(see the answer key)

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