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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. How much money did Livingston make on the Union Pacific sell off?
(a) $75,000.
(b) $150,000.
(c) $100,000.
(d) $250,000.

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

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

5. What happens to Livingston when he takes Percy's advice?
(a) He didn't take Percy's advice.
(b) He loses almost everything he has.
(c) He doubles his money.
(d) He breaks even.

Short Answer Questions

1. Why does Livingston want to sell Union Pacific?

2. What do the insiders of Tropical Trading do when Livingston goes short?

3. What does everyone finally think about Tropical Trading?

4. What has he regretted ignoring in the past?

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

(see the answer key)

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