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

Multiple Choice Questions

1. What is affected the most by timing on Wall Street?
(a) Index funds.
(b) Large trades.
(c) Bonds.
(d) Small trades.

2. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Started buying Union Pacific again.
(b) Went into commodoties.
(c) Bought a lot of mutual funds.
(d) Went into index funds.

3. What has he regretted ignoring in the past?
(a) Stocks going down.
(b) Strong hunches.
(c) Not liking a company.
(d) His mentor's advice.

4. What does Livingston say is impossible to catch?
(a) Two stocks related moving in different directions.
(b) A stock just being offered.
(c) Tiny fluctuations of the market.
(d) A stock on the rise.

5. What do the banks ask Livingston to not do during the panic of 1907?
(a) Buy mutual funds.
(b) Sell any more stock.
(c) Buy any more stock.
(d) Sell commodities.

Short Answer Questions

1. How useful is bucket shop technique on Wall Street?

2. When does a trader err when trading?

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

4. What does the phrase "go short" mean?

5. How are the quotes for stocks disseminated?

(see the answer key)

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