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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) $5000.
(b) $4500.
(c) $10,000.
(d) $2500.

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

3. Why does Livingston want to sell Union Pacific?
(a) He has a strong hunch.
(b) He never travels by train.
(c) They've been going down.
(d) He doesn't like the owner.

4. How does Livingston play on the market when he returns from St. Louis?
(a) Confidently.
(b) Cautiously.
(c) Frantically.
(d) Carelessly.

5. When can one only sell stock?
(a) When the company is stable.
(b) When the stock is worth more than paid for.
(c) When your manager authorizes the sell.
(d) When there's a willing buyer.

Short Answer Questions

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

2. What is an important aspect of trading successfully?

3. What does Roberts suggest to Livingston?

4. How do some smaller exchanges double their money?

5. How much money did Livingston make on the Union Pacific sell off?

(see the answer key)

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