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

Multiple Choice Questions

1. What kind of regulation is enacted during war time?
(a) No buying of ammunition companies.
(b) No selling off defense stock.
(c) No profiteering in war necessities.
(d) No buying of government bonds.

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

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

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

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

Short Answer Questions

1. Why does Livingston want to sell Union Pacific?

2. What does Livingston say cornering a market can do to a price?

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

4. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

5. What don't the new bucket shops in Boston allow?

(see the answer key)

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