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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) Nothing happens.
(b) The San Francisco earthquake.
(c) The San Francisco fire.
(d) The San Francisco tidal wave.

2. What does Livingston do after receiving advice from his manager?
(a) Sells the rest of his Union Pacific stock.
(b) Buys wheat.
(c) Buys stock in oil.
(d) Sells all of his corn.

3. What is the stock Livingston buys to restart his career?
(a) Bethlehem Steel.
(b) Pullman Railroad.
(c) Winchester guns.
(d) Standard Oil.

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

5. What does Williamson agree to allow Livingston to do?
(a) Open an account with him.
(b) He gives him another stake.
(c) Buy 500 shares of one stock.
(d) Manipulate the price of cotton.

Short Answer Questions

1. What is one trait Livingston says a successful stock trader must have?

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

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

4. Why does Livingston keep losing money on stocks?

5. What does Union Pacific announce that dismays Livingston?

(see the answer key)

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