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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 pattern ignore that can create a problem?
(a) What time of year it is.
(b) Underlying conditions.
(c) Brand new public offerings.
(d) Political ramifications.

2. What happens when the market falls steeply in 1906?
(a) There is a depression.
(b) It earns Livingston and his house a lot of money.
(c) The banks collapse.
(d) The government takes over the market.

3. 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) Keep his money riding longer.
(d) Trade on broad principles.

4. For what does young Livingston have an excellent memory?
(a) People's names.
(b) Recipes.
(c) Numbers.
(d) Languages.

5. What must a successful stock trader do?
(a) Make the actual trade.
(b) Play poker.
(c) Borrow money.
(d) Work for a brokage firm.

Short Answer Questions

1. Why does Livingston return to Boston?

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

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

4. What do the banks ask Livingston to not do during the panic of 1907?

5. How do some smaller exchanges double their money?

(see the answer key)

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