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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 say financial news in the papers is?
(a) Retrospective.
(b) Useless.
(c) Very helpful.
(d) Up-to-date.

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

3. How much regulation is there in the stock market during Livingston's era?
(a) Very little regulation.
(b) The SDIC is watching everyone constantly.
(c) It has many rules.
(d) There is a moderate amount.

4. What type of time is the trading at a bucket shop?
(a) Long term.
(b) Short term.
(c) Over a lifetime.
(d) Several weeks.

5. Why does Livingston take his profit out so fast?
(a) He needs the money.
(b) He has a problem with cash flow.
(c) He has to support his family.
(d) He fears reversal.

Short Answer Questions

1. What do customers at a bucket shop do?

2. How do some smaller exchanges double their money?

3. What must a successful stock trader do?

4. What does Livingston hear about a well known cotton trader?

5. How are the quotes for stocks disseminated?

(see the answer key)

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