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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 Livingston do at several small alternate exchanges?
(a) Lose a lot of money.
(b) Get kicked out.
(c) Establish accounts.
(d) Let Roberts handle everything.

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

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

4. What do the small shops agree Livingston can do?
(a) Buy and sell at the same time.
(b) Trade on the prices quoted.
(c) Buy on margin.
(d) Open a very large account.

5. Why is Livingston so good at betting?
(a) He uses only the simple stocks.
(b) He can remember the patterns.
(c) He is clairvoyant.
(d) He has a good poker face.

Short Answer Questions

1. For what does young Livingston have an excellent memory?

2. How does he start out selling Union Pacific?

3. When is there a financial panic in 1907?

4. What is one trait Livingston says a successful stock trader must have?

5. Why does Livingston want to sell Union Pacific?

(see the answer key)

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