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

Multiple Choice Questions

1. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Throw back.
(c) Subjective.
(d) Highly technical.

2. How much money did Livingston make on the Union Pacific sell off?
(a) $75,000.
(b) $250,000.
(c) $150,000.
(d) $100,000.

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

4. What does Livingston do at several small alternate exchanges?
(a) Let Roberts handle everything.
(b) Lose a lot of money.
(c) Establish accounts.
(d) Get kicked out.

5. What does Livingston conclude when Union Pacific announces a dividend?
(a) The stock is worthless.
(b) The company is poorly run.
(c) He had read the insiders correctly.
(d) They are borrowing money from somewhere.

Short Answer Questions

1. Where does Livingston go with his $500?

2. What must a successful stock trader do?

3. How much money does Livingston have when he goes to Wall Street?

4. What does Livingston notice not long after selling off his Union Pacific stock?

5. On a rising market what should each trade be?

(see the answer key)

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