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

Multiple Choice Questions

1. Why does Livingston keep losing money on stocks?
(a) He's reacting to price and movement.
(b) He gets distracted by numbers.
(c) He plays like it's a game.
(d) He doesn't understand some of the companies.

2. What has he regretted ignoring in the past?
(a) Strong hunches.
(b) Not liking a company.
(c) His mentor's advice.
(d) Stocks going down.

3. What happens when the market falls steeply in 1906?
(a) It earns Livingston and his house a lot of money.
(b) There is a depression.
(c) The banks collapse.
(d) The government takes over the market.

4. What is happening to wheat prices when Livingston is trading it?
(a) It's going up.
(b) It's declining.
(c) It's moving up and down everyday.
(d) It's staying the same.

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

Short Answer Questions

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

2. How much money does Livingston make when he first comes back from St. Louis?

3. What does Williamson agree to allow Livingston to do?

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

5. How useful is bucket shop technique on Wall Street?

(see the answer key)

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