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

Multiple Choice Questions

1. How much money does Livingston make when he first comes back from St. Louis?
(a) He makes a huge amount of money.
(b) He makes a moderate amount of money.
(c) He gains slowly, but steadily.
(d) He loses money.

2. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into commodoties.
(b) Started buying Union Pacific again.
(c) Bought a lot of mutual funds.
(d) Went into index funds.

3. What fascinates the young Livingston?
(a) The patterns on the ticker tape.
(b) The way the stocks move up and down.
(c) Why people come to bucket shops.
(d) How people bet.

4. What does experience give a successful stock trader?
(a) Friends.
(b) Learning.
(c) Respect.
(d) A job.

5. What kind of trading is done at a bucket shop?
(a) Throw back.
(b) Subjective.
(c) Superficial.
(d) Highly technical.

Short Answer Questions

1. How useful is bucket shop technique on Wall Street?

2. What type of time is the trading at a bucket shop?

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

4. What does Livingston do when the alternate exchanges start to try and manipulate him?

5. Who convinces Livingston that Union Pacific is manipulating him?

(see the answer key)

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