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

Multiple Choice Questions

1. How does he start out selling Union Pacific?
(a) Slowly at first.
(b) Shares every other week.
(c) He talks to the brokage manager.
(d) All at once.

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

3. How long does Livingston stay in Boston the second time he goes there?
(a) A year.
(b) Six months.
(c) Two weeks.
(d) Two years.

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

5. What type of time is the trading at a bucket shop?
(a) Over a lifetime.
(b) Short term.
(c) Long term.
(d) Several weeks.

Short Answer Questions

1. What does Union Pacific announce that dismays Livingston?

2. What does Livingston complain about Wall Street?

3. What does experience give a successful stock trader?

4. How does Livingston portray himself to the small exchanges?

5. Who convinces Livingston that Union Pacific is manipulating him?

(see the answer key)

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