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

Multiple Choice Questions

1. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco tidal wave.
(b) Nothing happens.
(c) The San Francisco fire.
(d) The San Francisco earthquake.

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

3. What does Livingston say to do with anything showing a loss?
(a) Sell it immediately.
(b) Hold it until it goes up.
(c) Buy more of it.
(d) Sell it after it moves in either direction.

4. Why is Livingston having a hard time increasing his money?
(a) His name is too well known.
(b) The bucket shops are mostly shut down.
(c) It's a new game he doesn't know.
(d) He keeps losing his bets.

5. What happens to Livingston when someone buys up all the corn?
(a) He makes $50,000.
(b) He isn't involved in corn trade.
(c) He loses money.
(d) He breaks even.

Short Answer Questions

1. On a rising market what should each trade be?

2. What happens when the market falls steeply in 1906?

3. What should one do in a bull market?

4. Why does Livingston keep losing money on stocks?

5. What does experience give a successful stock trader?

(see the answer key)

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