View a FREE sample

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

Multiple Choice Questions

1. What does he think his debts are doing to his trading?
(a) Causing him to be less objective.
(b) Making him too cautious.
(c) Making it too hard to borrow money.
(d) Making it impossible to play on a margin.

2. What does Percy believe about the cotton market?
(a) It's an exciting market.
(b) It's very stable.
(c) It's a bear market.
(d) It's a bull market.

3. When does a trader err when trading?
(a) When he follows hot tips.
(b) When he doesn't account for underlying factors.
(c) When he hasn't followed a stock for at least a year.
(d) When the direction of the market is not established.

4. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He starts reverse manipulations.
(b) He calls the police.
(c) He buys the exchange.
(d) He quits and goes to New York.

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

Short Answer Questions

1. What is affected the most by timing on Wall Street?

2. What does Roberts suggest to Livingston?

3. What did Livingston decide to look at when thinking about what to buy or sell?

4. What does everyone finally think about Tropical Trading?

5. Why does Livingston declare bankruptcy?

(see the answer key)

This section contains 280 words (approx. 1 page at 300 words per page) View a FREE sample