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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) All at once.
(b) Shares every other week.
(c) He talks to the brokage manager.
(d) Slowly at first.

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

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

4. What does Livingston notice about the price of Tropical Trading stock?
(a) The price is way down.
(b) The price hasn't changed in four years.
(c) The price has been run up.
(d) The price fluctuates wildly.

5. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company expands.
(c) The company folds.
(d) The stock falls even farther.

Short Answer Questions

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

2. What does Union Pacific announce that dismays Livingston?

3. What does Livingston decide from the Union Pacific situation?

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

5. Why did Livingston refuse the offer of partnership with Percy?

(see the answer key)

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