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

Multiple Choice Questions

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

2. How much money does Livingston make when he first comes back from St. Louis?
(a) He loses money.
(b) He makes a huge amount of money.
(c) He gains slowly, but steadily.
(d) He makes a moderate amount of money.

3. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He buys the exchange.
(b) He calls the police.
(c) He starts reverse manipulations.
(d) He quits and goes to New York.

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

5. Why is it harder for alternate exchanges to get rid of a customer?
(a) They are very poor.
(b) They sign contracts that can't be broken.
(c) They have a reputation to uphold.
(d) They are regulated by the government.

Short Answer Questions

1. What kind of trading is done at a bucket shop?

2. What does Livingston complain about Wall Street?

3. Where does Livingston get his money to start to recoup his losses?

4. What must a successful stock trader do?

5. The price on the stocks in bucket shops is in what according to time?

(see the answer key)

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