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

Multiple Choice Questions

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

2. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock falls even farther.
(b) The stock begins rising.
(c) The company expands.
(d) The company folds.

3. What does Livingston say financial news in the papers is?
(a) Useless.
(b) Up-to-date.
(c) Retrospective.
(d) Very helpful.

4. Why does Livingston want to sell Union Pacific?
(a) He doesn't like the owner.
(b) They've been going down.
(c) He has a strong hunch.
(d) He never travels by train.

5. How useful is bucket shop technique on Wall Street?
(a) It is the same technique.
(b) Not very useful.
(c) Very useful.
(d) One has nothing to do with the other.

Short Answer Questions

1. What does Livingston figure out he has to do to make a lot of money?

2. What does Union Pacific announce that dismays Livingston?

3. What does Livingston say one must be in order to be a good trader?

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

5. What happens when the market falls steeply in 1906?

(see the answer key)

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