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

Multiple Choice Questions

1. What happens to Livingston when someone buys up all the corn?
(a) He loses money.
(b) He isn't involved in corn trade.
(c) He breaks even.
(d) He makes $50,000.

2. What does Livingston complain about Wall Street?
(a) How much money he lost.
(b) How everyone is unfriendly.
(c) How the market goes up and down too much.
(d) How slow trades are.

3. To what does Livingston attribute his success?
(a) Being in the right place at the wrong time.
(b) Objectively watching stocks.
(c) Having a lot of friends.
(d) Being willing to lose lots of money.

4. What does Livingston say is illegal now?
(a) Borrowing money to play the market.
(b) Using information from the newspaper.
(c) Many market manipulations.
(d) Buying and selling on the same day.

5. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) $155000.
(b) $50,000.
(c) A million dollars.
(d) $10,000.

Short Answer Questions

1. What does Livingston do after receiving advice from his manager?

2. What does Livingston say is the most important thing?

3. What does Percy believe about the cotton market?

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

5. What does Livingston say will happen in a stock or commodity if a surprise event occurs?

(see the answer key)

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