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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) His best friend.
(b) His father.
(c) The president of his brokerage firm.
(d) He gets a regular job.

2. What does Williamson agree to allow Livingston to do?
(a) He gives him another stake.
(b) Manipulate the price of cotton.
(c) Open an account with him.
(d) Buy 500 shares of one stock.

3. What must a successful stock trader do?
(a) Play poker.
(b) Borrow money.
(c) Make the actual trade.
(d) Work for a brokage firm.

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

5. Why is it harder for alternate exchanges to get rid of a customer?
(a) They have a reputation to uphold.
(b) They sign contracts that can't be broken.
(c) They are very poor.
(d) They are regulated by the government.

Short Answer Questions

1. Where does Livingston go when he leaves Boston?

2. What does Livingston do to retaliate against the insiders?

3. What does Livingston hear about a well known cotton trader?

4. What does Livingston say is a good method to make a stock look good?

5. Where does Livingston go with his $500?

(see the answer key)

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