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

Multiple Choice Questions

1. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He has to study harder.
(b) He has a night job.
(c) He doesn't read well.
(d) He makes enough to live on.

2. What's the difference between working on the stock exchange and the bucket shops?
(a) In bucket shops you only bet on a stock; in Wall Street you buy it.
(b) Bucket shops require more money.
(c) Bucket shops are run by the mob.
(d) Wall Street requires you to wear a suit and tie.

3. What is an important aspect of trading successfully?
(a) Being willing to bet on even odds.
(b) Having good advice.
(c) Having enough money.
(d) Having patience and waiting for the right moment.

4. Why is Livingston so good at betting?
(a) He has a good poker face.
(b) He is clairvoyant.
(c) He uses only the simple stocks.
(d) He can remember the patterns.

5. Where does Livingston go when he leaves Boston?
(a) Florida.
(b) New York.
(c) Washington D.C.
(d) Pittsburgh.

Short Answer Questions

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

2. Why does Livingston return to Boston?

3. Why did Livingston stop in New Haven on his way to New York?

4. Why can bets be carefully timed in bucket shops?

5. When should one stay clear of a stock?

(see the answer key)

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