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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 Union Pacific announce that dismays Livingston?
(a) A dividend.
(b) A company reorganization.
(c) Plans for new railroads.
(d) Bankruptcy filings.

2. Where does Livingston go with his $500?
(a) To St. Louis.
(b) To Boston.
(c) To Atlanta.
(d) To Dallas.

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

4. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into index funds.
(b) Started buying Union Pacific again.
(c) Bought a lot of mutual funds.
(d) Went into commodoties.

5. What kind of trading is done at a bucket shop?
(a) Throw back.
(b) Subjective.
(c) Highly technical.
(d) Superficial.

Short Answer Questions

1. What is an important aspect of trading successfully?

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

3. How much money does Livingston make when he first comes back from St. Louis?

4. When can one only sell stock?

5. How much money does Livingston have when he goes to Wall Street?

(see the answer key)

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