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

Multiple Choice Questions

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

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

3. What does Livingston figure out he has to do to make a lot of money?
(a) Trade on broad principles.
(b) Keep his money riding longer.
(c) Play one stock consistently.
(d) Spread his money around.

4. What must a successful stock trader do?
(a) Make the actual trade.
(b) Work for a brokage firm.
(c) Play poker.
(d) Borrow money.

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

Short Answer Questions

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

2. What is happening to wheat prices when Livingston is trading it?

3. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

4. What happens to Livingston when someone buys up all the corn?

5. How much money did Livingston make on the Union Pacific sell off?

(see the answer key)

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