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

Multiple Choice Questions

1. How do some smaller exchanges double their money?
(a) Taking out too much taxes.
(b) Switching prices at the last minute.
(c) Allowing margin play.
(d) Getting different customers to buy and sell at the same time.

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) A million dollars.
(b) $50,000.
(c) $155000.
(d) $10,000.

3. What is Livingston's job at a bucket shop?
(a) Quotation boy.
(b) Stock broker.
(c) Trader.
(d) Runner.

4. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Throw back.
(c) Highly technical.
(d) Subjective.

5. Who does the president of the Stock Exchange and the wealthiest bank go to see?
(a) The Railroad Union President.
(b) The President of America.
(c) John Rockefellow.
(d) J. P. Morgan.

Short Answer Questions

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

2. How does he consider commodities in comparison to stocks?

3. Why do the bucket shops begin banning Livingston?

4. When can one only sell stock?

5. Who convinces Livingston that Union Pacific is manipulating him?

(see the answer key)

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