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

Multiple Choice Questions

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

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

3. What does Livingston do after receiving advice from his manager?
(a) Sells all of his corn.
(b) Buys stock in oil.
(c) Sells the rest of his Union Pacific stock.
(d) Buys wheat.

4. What does everyone finally think about Tropical Trading?
(a) The stock is solid.
(b) The insiders are dishonest.
(c) The stock can't be manipulated.
(d) The parent company is in trouble.

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

Short Answer Questions

1. How does Livingston end up in his dealings with Tropical Trading?

2. When Livingston is looking at the price of Tropical Trading what is the market doing?

3. What does Percy believe about the cotton market?

4. What does Union Pacific announce that dismays Livingston?

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

(see the answer key)

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