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

Multiple Choice Questions

1. What does Livingston decide from the Union Pacific situation?
(a) To listen more carefully to his manager.
(b) To practice understanding insider actions.
(c) To go back to school to learn more.
(d) To only trust himself.

2. How does Livingston portray himself to the small exchanges?
(a) Someone who has never thought about stocks.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who is very knowledgeable.
(d) Someone who is very, very wealthy.

3. Why does it take Livingston so long to understand how to trade?
(a) He enjoys it so much he doesn't pay attention.
(b) He hates to study hard.
(c) He won't listen to his mentor.
(d) He is too confident in his own methods.

4. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The company folds.
(b) The stock falls even farther.
(c) The company expands.
(d) The stock begins rising.

5. Who convinces Livingston that Union Pacific is manipulating him?
(a) His wife.
(b) His mentor.
(c) His best friend.
(d) The branch manager.

Short Answer Questions

1. Why is Livingston having a hard time increasing his money?

2. How much regulation is there in the stock market during Livingston's era?

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

4. How useful is bucket shop technique on Wall Street?

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

(see the answer key)

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