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

Multiple Choice Questions

1. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He calls the police.
(b) He starts reverse manipulations.
(c) He buys the exchange.
(d) He quits and goes to New York.

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

3. What does Roberts suggest to Livingston?
(a) Going back to school.
(b) Betting on corn and wheat.
(c) Opening a bucket shop himself.
(d) Smaller, alternate exchanges.

4. What does Livingston say will happen in a stock or commodity if a surprise event occurs?
(a) It will always stay the same.
(b) It will always go up.
(c) It will always go down.
(d) It will move in the direction of the market.

5. How much money did Livingston make on the Union Pacific sell off?
(a) $75,000.
(b) $250,000.
(c) $100,000.
(d) $150,000.

Short Answer Questions

1. How long does Livingston stay in Boston the second time he goes there?

2. How does Livingston portray himself to the small exchanges?

3. What does Livingston say is impossible to catch?

4. What does Livingston say financial news in the papers is?

5. Why do the bucket shops begin banning Livingston?

(see the answer key)

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