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

Multiple Choice Questions

1. What does the phrase "go short" mean?
(a) To buy any stock within 30 days.
(b) To buy stock that's been on the market a short time.
(c) To wait a short time to sell.
(d) To sell stock.

2. What did Livingston do about individual stocks?
(a) Paid absolutely no attention to them.
(b) Followed them carefully.
(c) Stopped focusing on them.
(d) Made charts of their ups.

3. How are the quotes for stocks disseminated?
(a) Called out.
(b) Called in by phone.
(c) Sent to brokers by runners.
(d) Show up on a computer screen.

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

5. What do the banks ask Livingston to not do during the panic of 1907?
(a) Sell commodities.
(b) Sell any more stock.
(c) Buy mutual funds.
(d) Buy any more stock.

Short Answer Questions

1. What does Livingston think is his best guide to trading?

2. Where does Livingston go when he leaves Boston?

3. What does the phrase "go long" mean?

4. What does Livingston want to do when he sees the market rallying?

5. Why do the bucket shops begin banning Livingston?

(see the answer key)

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