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

2. How are the quotes for stocks disseminated?
(a) Show up on a computer screen.
(b) Sent to brokers by runners.
(c) Called out.
(d) Called in by phone.

3. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He has to study harder.
(b) He doesn't read well.
(c) He has a night job.
(d) He makes enough to live on.

4. What does Livingston hear about a well known cotton trader?
(a) He has taken a huge loss.
(b) He has quit the business.
(c) He has made 2 million dollars.
(d) He has switched to soy beans.

5. What happens when the market falls steeply in 1906?
(a) The government takes over the market.
(b) The banks collapse.
(c) There is a depression.
(d) It earns Livingston and his house a lot of money.

Short Answer Questions

1. Why does Livingston take his profit out so fast?

2. On a rising market what should each trade be?

3. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

4. Why is Livingston so good at betting?

5. In what does Livingston trade besides stocks?

(see the answer key)

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