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

Multiple Choice Questions

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

2. What does the phrase "go long" mean?
(a) To wait a long time to sell.
(b) To buy stock that's been on the market a long time.
(c) To sell any stock within 30 days.
(d) To buy stock.

3. Where does Livingston go with his $500?
(a) To Boston.
(b) To Atlanta.
(c) To St. Louis.
(d) To Dallas.

4. Who was a famous stock manipulator Livingston mentions?
(a) Preston N. Roovelt.
(b) Chester Bollocks.
(c) Rupert W. Hatfield.
(d) James R. Keene.

5. 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 impossible to play on a margin.
(d) Making it too hard to borrow money.

Short Answer Questions

1. What does Livingston decide to buy next?

2. What does Livingston believe about the cotton market when he and Percy are discussing it?

3. When can one only sell stock?

4. How does Livingston play on the market when he returns from St. Louis?

5. What does Livingston do when the alternate exchanges start to try and manipulate him?

(see the answer key)

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