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

Multiple Choice Questions

1. As the market slides, what signs are showing in other financial institutions?
(a) Average wages have dropped.
(b) The government has taken out more bonds.
(c) Banks are being affected.
(d) The FDIC is in the red.

2. What is an important aspect of trading successfully?
(a) Having patience and waiting for the right moment.
(b) Being willing to bet on even odds.
(c) Having enough money.
(d) Having good advice.

3. What does Livingston do about his concerns in 1906?
(a) Buys long.
(b) Sells short.
(c) Sells long.
(d) Buys short.

4. What fascinates the young Livingston?
(a) How people bet.
(b) Why people come to bucket shops.
(c) The way the stocks move up and down.
(d) The patterns on the ticker tape.

5. How old was Livingston when he made his first $1000?
(a) 21.
(b) 17.
(c) 15.
(d) 19.

Short Answer Questions

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

2. When does a trader err when trading?

3. What do the banks ask Livingston to not do during the panic of 1907?

4. Why is it harder for alternate exchanges to get rid of a customer?

5. What does Livingston do with his predictions at first?

(see the answer key)

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