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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 Livingston end up in his dealings with Tropical Trading?
(a) He loses about half of what he put in.
(b) He makes about a million dollars.
(c) He breaks even.
(d) He makes about $50,000.

2. What has happened to Percy recently in the market?
(a) He made millions.
(b) He caused the market to go into a slide.
(c) He lost millions.
(d) He had withdrawn from the market.

3. What does Livingston do to retaliate against the insiders?
(a) Tells all his friends to sell.
(b) Tells the newspaper it's going under.
(c) Buys all the low priced shares.
(d) Sells a bunch of the parent company stock.

4. 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.

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

Short Answer Questions

1. What happens to Livingston when he takes Percy's advice?

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

3. What does everyone finally think about Tropical Trading?

4. What happens shortly after he starts selling Union Pacific stock by the thousands?

5. What does Livingston believe about the cotton market when he and Percy are discussing it?

(see the answer key)

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