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

Multiple Choice Questions

1. When is there a financial panic in 1907?
(a) June.
(b) October.
(c) August.
(d) April.

2. What's the difference between working on the stock exchange and the bucket shops?
(a) Bucket shops require more money.
(b) Bucket shops are run by the mob.
(c) Wall Street requires you to wear a suit and tie.
(d) In bucket shops you only bet on a stock; in Wall Street you buy it.

3. What is one trait Livingston says a successful stock trader must have?
(a) Control of emotions.
(b) Confidence.
(c) Ability to make friends.
(d) Ability to spend money.

4. Why does Livingston keep losing money on stocks?
(a) He plays like it's a game.
(b) He's reacting to price and movement.
(c) He gets distracted by numbers.
(d) He doesn't understand some of the companies.

5. What happens when one places an order on Wall Street time wise?
(a) It is done instantly.
(b) The SCCI has to check it first.
(c) It's never implemented for 24 hours.
(d) There is a short lag.

Short Answer Questions

1. How much money does Livingston have when he goes to Wall Street?

2. What does Livingston decide from the Union Pacific situation?

3. What has he regretted ignoring in the past?

4. The price on the stocks in bucket shops is in what according to time?

5. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

(see the answer key)

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