View a FREE sample

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

Multiple Choice Questions

1. Why is Livingston having a hard time increasing his money?
(a) He keeps losing his bets.
(b) It's a new game he doesn't know.
(c) The bucket shops are mostly shut down.
(d) His name is too well known.

2. How long does Livingston stay in Boston the second time he goes there?
(a) Six months.
(b) Two weeks.
(c) A year.
(d) Two years.

3. Where does Livingston get his money to start to recoup his losses?
(a) He gets a regular job.
(b) His best friend.
(c) His father.
(d) The president of his brokerage firm.

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

5. What does the phrase "go long" mean?
(a) To buy stock.
(b) To sell any stock within 30 days.
(c) To buy stock that's been on the market a long time.
(d) To wait a long time to sell.

Short Answer Questions

1. Why doesn't Livingston learn the new techniques for betting on Wall Street?

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

3. How does Livingston portray himself to the small exchanges?

4. What does Union Pacific announce that dismays Livingston?

5. What does Livingston do when the alternate exchanges start to try and manipulate him?

(see the answer key)

This section contains 283 words (approx. 1 page at 300 words per page) View a FREE sample