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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 Livingston portray himself to the small exchanges?
(a) Someone who is very, very wealthy.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who has never thought about stocks.
(d) Someone who is very knowledgeable.

2. The price on the stocks in bucket shops is in what according to time?
(a) Two days old.
(b) Several hours old.
(c) Elasped time.
(d) Real time.

3. What does the phrase "go long" mean?
(a) To wait a long time to sell.
(b) To sell any stock within 30 days.
(c) To buy stock.
(d) To buy stock that's been on the market a long time.

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

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

Short Answer Questions

1. What does Roberts suggest to Livingston?

2. What did Livingston do about individual stocks?

3. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

4. What does experience give a successful stock trader?

5. What happens shortly after he starts selling Union Pacific stock by the thousands?

(see the answer key)

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