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

Multiple Choice Questions

1. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco earthquake.
(b) Nothing happens.
(c) The San Francisco tidal wave.
(d) The San Francisco fire.

2. Why does Livingston return to Boston?
(a) He wants to open a bucket shop.
(b) His mother is ill.
(c) He hates the traffic in New York.
(d) He's broke and frustrated.

3. What do the small shops agree Livingston can do?
(a) Open a very large account.
(b) Buy on margin.
(c) Trade on the prices quoted.
(d) Buy and sell at the same time.

4. Why is Livingston having a hard time increasing his money?
(a) The bucket shops are mostly shut down.
(b) His name is too well known.
(c) It's a new game he doesn't know.
(d) He keeps losing his bets.

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

Short Answer Questions

1. What is affected the most by timing on Wall Street?

2. Why does Livingston want to sell Union Pacific?

3. How long does Livingston stay in Boston the second time he goes there?

4. What does Livingston conclude when Union Pacific announces a dividend?

5. What does the phrase "go long" mean?

(see the answer key)

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