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

Multiple Choice Questions

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

2. When should one stay clear of a stock?
(a) When it acts erratically.
(b) During the down season for that business.
(c) Right after it's public offering.
(d) Anytime it goes up.

3. What does experience give a successful stock trader?
(a) Learning.
(b) Friends.
(c) A job.
(d) Respect.

4. What does Livingston complain about Wall Street?
(a) How everyone is unfriendly.
(b) How much money he lost.
(c) How slow trades are.
(d) How the market goes up and down too much.

5. Who convinces Livingston that Union Pacific is manipulating him?
(a) His wife.
(b) His best friend.
(c) His mentor.
(d) The branch manager.

Short Answer Questions

1. What does Livingston say one must be in order to be a good trader?

2. How are the quotes for stocks disseminated?

3. As the market slides, what signs are showing in other financial institutions?

4. What do customers at a bucket shop do?

5. What is an important aspect of trading successfully?

(see the answer key)

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