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

Multiple Choice Questions

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

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

3. What does Roberts suggest to Livingston?
(a) Betting on corn and wheat.
(b) Going back to school.
(c) Smaller, alternate exchanges.
(d) Opening a bucket shop himself.

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

5. For what does young Livingston have an excellent memory?
(a) Numbers.
(b) Recipes.
(c) Languages.
(d) People's names.

Short Answer Questions

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

2. Where does Livingston go with his $500?

3. What is an important aspect of trading successfully?

4. What fascinates the young Livingston?

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

(see the answer key)

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