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

Multiple Choice Questions

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

2. What type of time is the trading at a bucket shop?
(a) Long term.
(b) Over a lifetime.
(c) Short term.
(d) Several weeks.

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

4. What does Livingston do to prevent being broke again?
(a) He puts money into annuities.
(b) He puts some of his money in municipal bonds.
(c) He sends half his money to his brother to hold for him.
(d) He opens a large savings account.

5. What does Livingston think is his best guide to trading?
(a) Himself.
(b) The Fortune 500.
(c) Standard and Poor's index of stock.
(d) What happens in Washington D.C.

Short Answer Questions

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

2. What has he regretted ignoring in the past?

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

4. What do some people claim about a newspaper article that helped Livingston?

5. What does he think his debts are doing to his trading?

(see the answer key)

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