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

Multiple Choice Questions

1. What do some people claim about a newspaper article that helped Livingston?
(a) The newspaper interviewed him for it.
(b) His wife wrote it.
(c) He engineered it.
(d) His brother wrote it.

2. Why doesn't Livingston make any money no matter how hard he tries?
(a) Market conditions aren't right.
(b) He has lost his enthusiasm.
(c) He has lost the pattern.
(d) He had to start with too little.

3. What does Livingston say one must be in order to be a good trader?
(a) Intuitive.
(b) Objective and neutral.
(c) Subjective.
(d) Very smart and well educated.

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

5. What does experience give a successful stock trader?
(a) Friends.
(b) A job.
(c) Learning.
(d) Respect.

Short Answer Questions

1. What does Livingston decide to buy next?

2. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

3. Who convinces Livingston that Union Pacific is manipulating him?

4. Why doesn't Livingston learn the new techniques for betting on Wall Street?

5. How does Livingston play on the market when he returns from St. Louis?

(see the answer key)

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