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

Multiple Choice Questions

1. What does Livingston decide to buy next?
(a) He decides to buy soy beans.
(b) He decides to corner the market in cotton.
(c) He goes into oil stock.
(d) He moves back to high tech stock.

2. What does Union Pacific announce that dismays Livingston?
(a) A dividend.
(b) Bankruptcy filings.
(c) Plans for new railroads.
(d) A company reorganization.

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

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

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

Short Answer Questions

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

2. What does Livingston say financial news in the papers is?

3. Why does Livingston keep losing money on stocks?

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

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

(see the answer key)

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