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

Multiple Choice Questions

1. What concerns Livingston in 1906?
(a) The world economic situation.
(b) Whether new regulations will be enacted.
(c) Who will be elected president.
(d) Whether he will ever start a family.

2. What does Livingston do after receiving advice from his manager?
(a) Buys stock in oil.
(b) Sells all of his corn.
(c) Buys wheat.
(d) Sells the rest of his Union Pacific stock.

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

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

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

Short Answer Questions

1. What does Livingston conclude when Union Pacific announces a dividend?

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

3. What is affected the most by timing on Wall Street?

4. What is an important aspect of trading successfully?

5. Why is corn having a hard time getting to the market?

(see the answer key)

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