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

Multiple Choice Questions

1. How does Livingston play on the market when he returns from St. Louis?
(a) Carelessly.
(b) Cautiously.
(c) Frantically.
(d) Confidently.

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

3. 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 are run by the mob.
(c) Wall Street requires you to wear a suit and tie.
(d) Bucket shops require more money.

4. Why can bets be carefully timed in bucket shops?
(a) It's carefully controlled by the government.
(b) There's less people betting.
(c) There's only three stocks involved.
(d) They can be bought and sold instantly.

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

Short Answer Questions

1. Why do the bucket shops begin banning Livingston?

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

3. Where does Livingston go when he leaves Boston?

4. How long does Livingston stay in Boston the second time he goes there?

5. What does experience give a successful stock trader?

(see the answer key)

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