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

2. What concerns Livingston in 1906?
(a) The world economic situation.
(b) Whether he will ever start a family.
(c) Whether new regulations will be enacted.
(d) Who will be elected president.

3. Why does Livingston declare bankruptcy?
(a) To get rid of two persistent creditors.
(b) To be able to retire.
(c) To gain money for a stake.
(d) To clear his record off.

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

5. Why does Livingston say traders are often vilified in the press and by other traders?
(a) When they sell short and the price drops.
(b) When they corner a market.
(c) When they make too much money.
(d) When they hold onto food crops.

Short Answer Questions

1. Why should a trader start with a small trade?

2. Where does Livingston go when he leaves Boston?

3. Who does Livingston say uses tips to no good ends for their customers?

4. How useful is bucket shop technique on Wall Street?

5. What do some people claim about a newspaper article that helped Livingston?

(see the answer key)

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