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

Multiple Choice Questions

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

2. The price on the stocks in bucket shops is in what according to time?
(a) Two days old.
(b) Real time.
(c) Several hours old.
(d) Elasped time.

3. What must a successful stock trader do?
(a) Play poker.
(b) Borrow money.
(c) Make the actual trade.
(d) Work for a brokage firm.

4. How much money does Livingston have when he goes to Wall Street?
(a) $5000.
(b) $10,000.
(c) $2500.
(d) $4500.

5. What don't the new bucket shops in Boston allow?
(a) Betting on only one stock.
(b) More than two people to bet at a time.
(c) Large trades.
(d) Betting on commodoties.

Short Answer Questions

1. What does Livingston do with his predictions at first?

2. Why does Livingston keep losing money on stocks?

3. What do customers at a bucket shop do?

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

5. Why do the bucket shops begin banning Livingston?

(see the answer key)

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