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

Multiple Choice Questions

1. On a rising market what should each trade be?
(a) Lower than the last one.
(b) The average of all trades.
(c) Higher than the last one.
(d) The same as the last one.

2. What does Livingston complain about Wall Street?
(a) How much money he lost.
(b) How everyone is unfriendly.
(c) How slow trades are.
(d) How the market goes up and down too much.

3. Where does Livingston go when he leaves Boston?
(a) Washington D.C.
(b) Florida.
(c) New York.
(d) Pittsburgh.

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

5. What's the difference between working on the stock exchange and the bucket shops?
(a) Bucket shops are run by the mob.
(b) In bucket shops you only bet on a stock; in Wall Street you buy it.
(c) Wall Street requires you to wear a suit and tie.
(d) Bucket shops require more money.

Short Answer Questions

1. Why does Livingston return to Boston?

2. How much money did Livingston make on the Union Pacific sell off?

3. How does he start out selling Union Pacific?

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

5. Why did Livingston stop in New Haven on his way to New York?

(see the answer key)

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