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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 complain about Wall Street?
(a) How much money he lost.
(b) How the market goes up and down too much.
(c) How everyone is unfriendly.
(d) How slow trades are.

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

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

4. What does Livingston do at several small alternate exchanges?
(a) Establish accounts.
(b) Get kicked out.
(c) Let Roberts handle everything.
(d) Lose a lot of money.

5. What does it take to be one of the best traders?
(a) Knowing how to use the patterns.
(b) Knowing when to buy on margin.
(c) Knowing when to borrow money.
(d) Knowing when bonds are good.

Short Answer Questions

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

2. What kind of trading is done at a bucket shop?

3. What does Livingston say is impossible to catch?

4. For what does young Livingston have an excellent memory?

5. What does Livingston figure out he has to do to make a lot of money?

(see the answer key)

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