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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 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.

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(a) He had withdrawn from the market.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

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

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

5. 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.

Short Answer Questions

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

2. When Livingston is looking at the price of Tropical Trading what is the market doing?

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

4. How does Livingston end up in his dealings with Tropical Trading?

5. How does he start out selling Union Pacific?

(see the answer key)

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