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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 declare bankruptcy?
(a) To get rid of two persistent creditors.
(b) To clear his record off.
(c) To be able to retire.
(d) To gain money for a stake.

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

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

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

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

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

3. Why is corn having a hard time getting to the market?

4. How does he start out selling Union Pacific?

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

(see the answer key)

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