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

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

3. What does Livingston conclude when Union Pacific announces a dividend?
(a) He had read the insiders correctly.
(b) The stock is worthless.
(c) The company is poorly run.
(d) They are borrowing money from somewhere.

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

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

Short Answer Questions

1. What does Livingston notice not long after selling off his Union Pacific stock?

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

3. What does Percy believe about the cotton market?

4. What has he regretted ignoring in the past?

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

(see the answer key)

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