View a FREE sample

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

Multiple Choice Questions

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

2. Why is Livingston so good at betting?
(a) He has a good poker face.
(b) He uses only the simple stocks.
(c) He is clairvoyant.
(d) He can remember the patterns.

3. What type of time is the trading at a bucket shop?
(a) Short term.
(b) Over a lifetime.
(c) Several weeks.
(d) Long term.

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

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

Short Answer Questions

1. What happens shortly after he starts selling Union Pacific stock by the thousands?

2. What does the pattern ignore that can create a problem?

3. Who convinces Livingston that Union Pacific is manipulating him?

4. How much money did Livingston make on the Union Pacific sell off?

5. Why does it take Livingston so long to understand how to trade?

(see the answer key)

This section contains 255 words (approx. 1 page at 300 words per page) View a FREE sample