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

Multiple Choice Questions

1. Why is corn having a hard time getting to the market?
(a) Due to a union stike.
(b) Due to the roads.
(c) Due to the weather.
(d) Due to government regulations.

2. What kind of trading is done at a bucket shop?
(a) Throw back.
(b) Superficial.
(c) Subjective.
(d) Highly technical.

3. How much money does Livingston make when he first comes back from St. Louis?
(a) He makes a moderate amount of money.
(b) He gains slowly, but steadily.
(c) He loses money.
(d) He makes a huge amount of money.

4. What does Livingston conclude when Union Pacific announces a dividend?
(a) They are borrowing money from somewhere.
(b) The stock is worthless.
(c) He had read the insiders correctly.
(d) The company is poorly run.

5. Who convinces Livingston that Union Pacific is manipulating him?
(a) The branch manager.
(b) His wife.
(c) His best friend.
(d) His mentor.

Short Answer Questions

1. What type of time is the trading at a bucket shop?

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

3. Why does Livingston keep losing money on stocks?

4. What does Livingston figure out he has to do to make a lot of money?

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

(see the answer key)

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