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

Multiple Choice Questions

1. When can one only sell stock?
(a) When the stock is worth more than paid for.
(b) When your manager authorizes the sell.
(c) When the company is stable.
(d) When there's a willing buyer.

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

3. Why do the bucket shops begin banning Livingston?
(a) He runs other customers away.
(b) He wins too much.
(c) He has stolen money.
(d) He is obnoxious.

4. How much regulation is there in the stock market during Livingston's era?
(a) It has many rules.
(b) Very little regulation.
(c) The SDIC is watching everyone constantly.
(d) There is a moderate amount.

5. On a rising market what should each trade be?
(a) The same as the last one.
(b) Higher than the last one.
(c) Lower than the last one.
(d) The average of all trades.

Short Answer Questions

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

2. What does Livingston do when he proves himself right about the market in Chapter IX?

3. How are the quotes for stocks disseminated?

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

5. What kind of trading is done at a bucket shop?

(see the answer key)

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