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

Multiple Choice Questions

1. Why did Livingston stop in New Haven on his way to New York?
(a) To see his brother.
(b) To bet in a bucket shop.
(c) To see his mother.
(d) To take a job.

2. Why does Livingston keep losing money on stocks?
(a) He's reacting to price and movement.
(b) He gets distracted by numbers.
(c) He plays like it's a game.
(d) He doesn't understand some of the companies.

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

4. How old was Livingston when he made his first $1000?
(a) 21.
(b) 17.
(c) 15.
(d) 19.

5. Why is Livingston having a hard time increasing his money?
(a) His name is too well known.
(b) It's a new game he doesn't know.
(c) The bucket shops are mostly shut down.
(d) He keeps losing his bets.

Short Answer Questions

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

2. What's the difference between working on the stock exchange and the bucket shops?

3. How much money does Livingston have when he goes to Wall Street?

4. How useful is bucket shop technique on Wall Street?

5. What does Livingston do at several small alternate exchanges?

(see the answer key)

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