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

Multiple Choice Questions

1. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Highly technical.
(c) Subjective.
(d) Throw back.

2. What does Livingston do to prevent being broke again?
(a) He puts money into annuities.
(b) He sends half his money to his brother to hold for him.
(c) He opens a large savings account.
(d) He puts some of his money in municipal bonds.

3. What does the phrase "go short" mean?
(a) To buy stock that's been on the market a short time.
(b) To wait a short time to sell.
(c) To sell stock.
(d) To buy any stock within 30 days.

4. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) Nothing happens.
(b) The San Francisco tidal wave.
(c) The San Francisco fire.
(d) The San Francisco earthquake.

5. Why does Livingston meet with Percy Thomas?
(a) Thomas asked to meet him and he admires Percy.
(b) Percy was a friend of Livingston's brother.
(c) Percy caused Livingston to make a lot of money.
(d) Percy caused Livingston to lose a lot of money.

Short Answer Questions

1. What's the difference between working on the stock exchange and the bucket shops?

2. What do customers at a bucket shop do?

3. How useful is bucket shop technique on Wall Street?

4. Where does Livingston go when he leaves Boston?

5. What should one decide to do in order to make money?

(see the answer key)

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