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

Multiple Choice Questions

1. What does Percy believe about the cotton market?
(a) It's an exciting market.
(b) It's a bull market.
(c) It's a bear market.
(d) It's very stable.

2. What happens to Livingston when he takes Percy's advice?
(a) He loses almost everything he has.
(b) He breaks even.
(c) He didn't take Percy's advice.
(d) He doubles his money.

3. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into index funds.
(b) Went into commodoties.
(c) Started buying Union Pacific again.
(d) Bought a lot of mutual funds.

4. Why does Livingston meet with Percy Thomas?
(a) Percy caused Livingston to make a lot of money.
(b) Percy was a friend of Livingston's brother.
(c) Percy caused Livingston to lose a lot of money.
(d) Thomas asked to meet him and he admires Percy.

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

Short Answer Questions

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

2. Who convinces Livingston that Union Pacific is manipulating him?

3. How does he start out selling Union Pacific?

4. What do the insiders of Tropical Trading do when Livingston goes short?

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

(see the answer key)

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