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

Multiple Choice Questions

1. 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.

2. How does Livingston portray himself to the small exchanges?
(a) Someone who has never thought about stocks.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who is very knowledgeable.
(d) Someone who is very, very wealthy.

3. Why does Livingston return to Boston?
(a) He wants to open a bucket shop.
(b) He hates the traffic in New York.
(c) His mother is ill.
(d) He's broke and frustrated.

4. What does Livingston say about a drop in a stock price?
(a) It was too low for buying.
(b) It wouldn't drop if it weren't justified.
(c) It only drops as the market is going down.
(d) It was too high for buying.

5. What does Livingston say financial news in the papers is?
(a) Up-to-date.
(b) Very helpful.
(c) Retrospective.
(d) Useless.

Short Answer Questions

1. Why does Livingston meet with Percy Thomas?

2. Where does Livingston go with his $500?

3. What's the difference between working on the stock exchange and the bucket shops?

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

5. Why did Livingston stop in New Haven on his way to New York?

(see the answer key)

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