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

Multiple Choice Questions

1. What does Roberts suggest to Livingston?
(a) Going back to school.
(b) Betting on corn and wheat.
(c) Opening a bucket shop himself.
(d) Smaller, alternate exchanges.

2. What is affected the most by timing on Wall Street?
(a) Large trades.
(b) Small trades.
(c) Index funds.
(d) Bonds.

3. What did Livingston decide to look at when thinking about what to buy or sell?
(a) The overall market.
(b) Index funds.
(c) Mutual funds.
(d) The ten best stocks.

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

5. Who convinces Livingston that Union Pacific is manipulating him?
(a) His best friend.
(b) The branch manager.
(c) His mentor.
(d) His wife.

Short Answer Questions

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

2. What is an important aspect of trading successfully?

3. Why can bets be carefully timed in bucket shops?

4. What kind of trading is done at a bucket shop?

5. What type of time is the trading at a bucket shop?

(see the answer key)

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