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

2. What happens when one places an order on Wall Street time wise?
(a) The SCCI has to check it first.
(b) It is done instantly.
(c) There is a short lag.
(d) It's never implemented for 24 hours.

3. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He buys the exchange.
(b) He quits and goes to New York.
(c) He starts reverse manipulations.
(d) He calls the police.

4. What is Livingston's job at a bucket shop?
(a) Stock broker.
(b) Trader.
(c) Runner.
(d) Quotation boy.

5. What can a trader do by applying rules to a pattern?
(a) Decide if it is a bear market.
(b) Decide when to buy or sell.
(c) Decide whether to come to work.
(d) Decide if it is a bull market.

Short Answer Questions

1. What does Roberts suggest to Livingston?

2. How much money does Livingston have when he goes to Wall Street?

3. What does Livingston discuss at the beginning of this chapter about stocks?

4. What don't the new bucket shops in Boston allow?

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

(see the answer key)

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