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

Multiple Choice Questions

1. When does Livingston hate losing money the most?
(a) When he follows someone's tip.
(b) When another trader manipulates him into the loss.
(c) When he needs money for a stake.
(d) When he does everything right.

2. Why is corn having a hard time getting to the market?
(a) Due to the roads.
(b) Due to government regulations.
(c) Due to a union stike.
(d) Due to the weather.

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

4. What must a successful stock trader do?
(a) Borrow money.
(b) Play poker.
(c) Work for a brokage firm.
(d) Make the actual trade.

5. Why is Livingston so good at betting?
(a) He can remember the patterns.
(b) He has a good poker face.
(c) He is clairvoyant.
(d) He uses only the simple stocks.

Short Answer Questions

1. Why does it take Livingston so long to understand how to trade?

2. What actually happens when Livingston is working under an account at Williamson's?

3. How long does Livingston stay in Boston the second time he goes there?

4. Why should a trader start with a small trade?

5. How do some smaller exchanges double their money?

(see the answer key)

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