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

Multiple Choice Questions

1. How much money does Livingston make when he first comes back from St. Louis?
(a) He makes a huge amount of money.
(b) He loses money.
(c) He gains slowly, but steadily.
(d) He makes a moderate amount of money.

2. What does Livingston say one must be in order to be a good trader?
(a) Very smart and well educated.
(b) Subjective.
(c) Objective and neutral.
(d) Intuitive.

3. What do the small shops agree Livingston can do?
(a) Open a very large account.
(b) Buy on margin.
(c) Trade on the prices quoted.
(d) Buy and sell at the same time.

4. Of whom does Livingston make fun?
(a) Commodity traders.
(b) Brokage firms.
(c) The press.
(d) Traders and the public looking for tips.

5. What do customers at a bucket shop do?
(a) Bet on a stock going up or down.
(b) Buy stock.
(c) Play the lottery.
(d) Buy feed buckets.

Short Answer Questions

1. In what does Livingston trade besides stocks?

2. What does Livingston discuss at the beginning of this chapter about stocks?

3. What does Livingston say financial news in the papers is?

4. What did Livingston decide to look at when thinking about what to buy or sell?

5. What do some people claim about a newspaper article that helped Livingston?

(see the answer key)

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