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

Multiple Choice Questions

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

2. How much money did Livingston make on the Union Pacific sell off?
(a) $250,000.
(b) $75,000.
(c) $150,000.
(d) $100,000.

3. What must a successful stock trader do?
(a) Borrow money.
(b) Make the actual trade.
(c) Work for a brokage firm.
(d) Play poker.

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

5. What do the small shops agree Livingston can do?
(a) Trade on the prices quoted.
(b) Buy on margin.
(c) Open a very large account.
(d) Buy and sell at the same time.

Short Answer Questions

1. What does Livingston do at several small alternate exchanges?

2. What does Livingston finally begin to study?

3. Where does Livingston go when he leaves Boston?

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

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

(see the answer key)

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