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

Multiple Choice Questions

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

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

3. What does Livingston figure out he has to do to make a lot of money?
(a) Keep his money riding longer.
(b) Spread his money around.
(c) Play one stock consistently.
(d) Trade on broad principles.

4. What does Livingston say is the most important thing?
(a) Follow your hunches.
(b) Be prepared to lose money.
(c) Have a general strategy and stick with it.
(d) Be prepared to hold stocks for years.

5. What happens to Livingston when someone buys up all the corn?
(a) He breaks even.
(b) He isn't involved in corn trade.
(c) He makes $50,000.
(d) He loses money.

Short Answer Questions

1. What does Livingston notice about the price of Tropical Trading stock?

2. What does Livingston decide to buy next?

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

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

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

(see the answer key)

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