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

Multiple Choice Questions

1. What do the banks ask Livingston to not do during the panic of 1907?
(a) Sell commodities.
(b) Buy any more stock.
(c) Buy mutual funds.
(d) Sell any more stock.

2. What is affected the most by timing on Wall Street?
(a) Index funds.
(b) Large trades.
(c) Bonds.
(d) Small trades.

3. Where does Livingston go with his $500?
(a) To Atlanta.
(b) To Dallas.
(c) To Boston.
(d) To St. Louis.

4. What does Livingston do with his predictions at first?
(a) He records them.
(b) He only bets a little.
(c) He changes them then shows them to others.
(d) He shows them to others.

5. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) A million dollars.
(b) $50,000.
(c) $10,000.
(d) $155000.

Short Answer Questions

1. What happens to Livingston when someone buys up all the corn?

2. Why can bets be carefully timed in bucket shops?

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

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

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

(see the answer key)

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