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

Multiple Choice Questions

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

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

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

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

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

Short Answer Questions

1. What is one trait Livingston says a successful stock trader must have?

2. What has he regretted ignoring in the past?

3. The price on the stocks in bucket shops is in what according to time?

4. What does Livingston do after receiving advice from his manager?

5. What does Livingston decide from the Union Pacific situation?

(see the answer key)

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