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

Multiple Choice Questions

1. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco fire.
(b) Nothing happens.
(c) The San Francisco earthquake.
(d) The San Francisco tidal wave.

2. 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.

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

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

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

Short Answer Questions

1. Why does Livingston want to sell Union Pacific?

2. How does he start out selling Union Pacific?

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

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

5. What does Union Pacific announce that dismays Livingston?

(see the answer key)

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