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

Multiple Choice Questions

1. What is affected the most by timing on Wall Street?
(a) Index funds.
(b) Small trades.
(c) Large trades.
(d) Bonds.

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

3. Under what authority are bucket shops allowed?
(a) Thet are established by New York State government.
(b) They are not legal.
(c) The local constable signs the permit.
(d) The NYSE authorizes them.

4. For what does young Livingston have an excellent memory?
(a) People's names.
(b) Languages.
(c) Recipes.
(d) Numbers.

5. Why does Livingston return to Boston?
(a) He's broke and frustrated.
(b) He hates the traffic in New York.
(c) He wants to open a bucket shop.
(d) His mother is ill.

Short Answer Questions

1. What fascinates the young Livingston?

2. How much money does Livingston make when he first comes back from St. Louis?

3. Why does Livingston want to sell Union Pacific?

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

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

(see the answer key)

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