View a FREE sample

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

Multiple Choice Questions

1. How does Livingston end up in his dealings with Tropical Trading?
(a) He makes about a million dollars.
(b) He loses about half of what he put in.
(c) He makes about $50,000.
(d) He breaks even.

2. 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.

3. What is happening to wheat prices when Livingston is trading it?
(a) It's staying the same.
(b) It's moving up and down everyday.
(c) It's going up.
(d) It's declining.

4. What is one of the main problems of people paying you to do something on the market?
(a) Buying or selling at a good price.
(b) Getting bored.
(c) Making less money.
(d) Getting arrested.

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

Short Answer Questions

1. What does Livingston say cornering a market can do to a price?

2. Why is Livingston having a hard time increasing his money?

3. What kind of trading is done at a bucket shop?

4. How long does Livingston stay in Boston the second time he goes there?

5. Who convinces Livingston that Union Pacific is manipulating him?

(see the answer key)

This section contains 260 words (approx. 1 page at 300 words per page) View a FREE sample