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

Multiple Choice Questions

1. Under what condition does David Williamson offer Livingston a stake?
(a) That he pay 5% interest.
(b) That he remember the firm when dealing.
(c) That he open an account with them.
(d) That he pay it back double.

2. What does Livingston say when someone asks him for a tip?
(a) He doesn't have time to be bothered.
(b) Comments on the general run of the market.
(c) He doesn't take or give tips.
(d) He ignores the person.

3. How does Livingston feel about the amount of money he's making?
(a) It's lousy.
(b) It's very good.
(c) It's not what he expected.
(d) He's indifferent, he just likes to play the market.

4. What does Livingston do at several small alternate exchanges?
(a) Get kicked out.
(b) Establish accounts.
(c) Let Roberts handle everything.
(d) Lose a lot of money.

5. Why is it harder for alternate exchanges to get rid of a customer?
(a) They are very poor.
(b) They have a reputation to uphold.
(c) They sign contracts that can't be broken.
(d) They are regulated by the government.

Short Answer Questions

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

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

3. What does Livingston do when he proves himself right about the market in Chapter IX?

4. How old was Livingston when he made his first $1000?

5. What happens to Livingston after his dealings with Percy Thomas?

(see the answer key)

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