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

2. What must a successful stock trader do?
(a) Work for a brokage firm.
(b) Play poker.
(c) Borrow money.
(d) Make the actual trade.

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

4. What does Livingston do about his concerns in 1906?
(a) Buys short.
(b) Sells short.
(c) Buys long.
(d) Sells long.

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

Short Answer Questions

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

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

3. What kind of trading is done at a bucket shop?

4. How does he start out selling Union Pacific?

5. Why doesn't Livingston make any money no matter how hard he tries?

(see the answer key)

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