View a FREE sample

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

Multiple Choice Questions

1. What's the difference between working on the stock exchange and the bucket shops?
(a) In bucket shops you only bet on a stock; in Wall Street you buy it.
(b) Bucket shops require more money.
(c) Wall Street requires you to wear a suit and tie.
(d) Bucket shops are run by the mob.

2. What does Livingston figure out he has to do to make a lot of money?
(a) Play one stock consistently.
(b) Spread his money around.
(c) Trade on broad principles.
(d) Keep his money riding longer.

3. How does Livingston portray himself to the small exchanges?
(a) Someone who has never thought about stocks.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who is very knowledgeable.
(d) Someone who is very, very wealthy.

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

5. Why is Livingston having a hard time increasing his money?
(a) It's a new game he doesn't know.
(b) The bucket shops are mostly shut down.
(c) He keeps losing his bets.
(d) His name is too well known.

Short Answer Questions

1. Where does Livingston go with his $500?

2. According to Livingston why should no one trade every day?

3. What does the pattern ignore that can create a problem?

4. Why is it harder for alternate exchanges to get rid of a customer?

5. How long does Livingston stay in Boston the second time he goes there?

(see the answer key)

This section contains 309 words (approx. 2 pages at 300 words per page) View a FREE sample