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

Multiple Choice Questions

1. How does Livingston portray himself to the small exchanges?
(a) Someone who has lost a lot of money on Wall Street.
(b) Someone who is very, very wealthy.
(c) Someone who is very knowledgeable.
(d) Someone who has never thought about stocks.

2. What happens when one places an order on Wall Street time wise?
(a) There is a short lag.
(b) It's never implemented for 24 hours.
(c) The SCCI has to check it first.
(d) It is done instantly.

3. In what does Livingston trade besides stocks?
(a) Bonds.
(b) Index funds.
(c) Commodities.
(d) Mutual funds.

4. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco tidal wave.
(b) The San Francisco earthquake.
(c) Nothing happens.
(d) The San Francisco fire.

5. How does Livingston end up in his dealings with Tropical Trading?
(a) He makes about a million dollars.
(b) He breaks even.
(c) He makes about $50,000.
(d) He loses about half of what he put in.

Short Answer Questions

1. What kind of regulation is enacted during war time?

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

3. What does Percy believe about the cotton market?

4. What does Livingston say one should do when a stock that's being sold is dropping?

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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