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

Multiple Choice Questions

1. How old was Livingston when he made his first $1000?
(a) 15.
(b) 19.
(c) 17.
(d) 21.

2. What do customers at a bucket shop do?
(a) Buy stock.
(b) Bet on a stock going up or down.
(c) Buy feed buckets.
(d) Play the lottery.

3. What has he regretted ignoring in the past?
(a) His mentor's advice.
(b) Not liking a company.
(c) Strong hunches.
(d) Stocks going down.

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

5. What don't the new bucket shops in Boston allow?
(a) More than two people to bet at a time.
(b) Betting on commodoties.
(c) Betting on only one stock.
(d) Large trades.

Short Answer Questions

1. How do some smaller exchanges double their money?

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

3. Under what authority are bucket shops allowed?

4. What does Livingston conclude when Union Pacific announces a dividend?

5. What does Livingston decide from the Union Pacific situation?

(see the answer key)

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