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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 notice about the price of Tropical Trading stock?
(a) The price hasn't changed in four years.
(b) The price has been run up.
(c) The price fluctuates wildly.
(d) The price is way down.

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

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

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

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

Short Answer Questions

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

2. What does Union Pacific announce that dismays Livingston?

3. How does he start out selling Union Pacific?

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

5. Why does Livingston want to sell Union Pacific?

(see the answer key)

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