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

Multiple Choice Questions

1. What does Livingston do after receiving advice from his manager?
(a) Buys wheat.
(b) Sells the rest of his Union Pacific stock.
(c) Buys stock in oil.
(d) Sells all of his corn.

2. How does he start out selling Union Pacific?
(a) Slowly at first.
(b) He talks to the brokage manager.
(c) Shares every other week.
(d) All at once.

3. How does he consider commodities in comparison to stocks?
(a) Less complex maneuvers around them.
(b) They are the poor man's stock.
(c) Make less money on them.
(d) They can be too volatile.

4. Why did Livingston stop in New Haven on his way to New York?
(a) To take a job.
(b) To see his brother.
(c) To bet in a bucket shop.
(d) To see his mother.

5. What does Livingston say one should do when a stock that's being sold is dropping?
(a) Buy and sell within a half hour of each other.
(b) Hold it until it bottoms out and starts back up.
(c) Sell all of it at the same day.
(d) Buy some as it drops to boost the price.

Short Answer Questions

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

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

3. Why does Livingston keep losing money on stocks?

4. What don't the new bucket shops in Boston allow?

5. What does an operator tell people when cornering a market?

(see the answer key)

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