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

Multiple Choice Questions

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

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

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

4. What does Livingston decide from the Union Pacific situation?
(a) To listen more carefully to his manager.
(b) To only trust himself.
(c) To go back to school to learn more.
(d) To practice understanding insider actions.

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

Short Answer Questions

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

2. What does Livingston notice about the price of Tropical Trading stock?

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

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

5. Why does Livingston meet with Percy Thomas?

(see the answer key)

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