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

Multiple Choice Questions

1. How long does Livingston stay in Boston the second time he goes there?
(a) Two years.
(b) Six months.
(c) A year.
(d) Two weeks.

2. Why can bets be carefully timed in bucket shops?
(a) It's carefully controlled by the government.
(b) There's less people betting.
(c) There's only three stocks involved.
(d) They can be bought and sold instantly.

3. What is happening to wheat prices when Livingston is trading it?
(a) It's going up.
(b) It's moving up and down everyday.
(c) It's declining.
(d) It's staying the same.

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

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

Short Answer Questions

1. Why should a trader start with a small trade?

2. When does a trader err when trading?

3. What is an important aspect of trading successfully?

4. What does Livingston decide from the Union Pacific situation?

5. Who does the president of the Stock Exchange and the wealthiest bank go to see?

(see the answer key)

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