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

Multiple Choice Questions

1. How much money does Livingston have when he goes to Wall Street?
(a) $4500.
(b) $5000.
(c) $2500.
(d) $10,000.

2. What does experience give a successful stock trader?
(a) Learning.
(b) Respect.
(c) A job.
(d) Friends.

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

4. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company folds.
(c) The stock falls even farther.
(d) The company expands.

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

Short Answer Questions

1. Where does Livingston get his money to start to recoup his losses?

2. What does Livingston complain about Wall Street?

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

4. What has he regretted ignoring in the past?

5. How do some smaller exchanges double their money?

(see the answer key)

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