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

Multiple Choice Questions

1. What does Livingston complain about Wall Street?
(a) How everyone is unfriendly.
(b) How slow trades are.
(c) How the market goes up and down too much.
(d) How much money he lost.

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

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

4. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He makes enough to live on.
(b) He has to study harder.
(c) He doesn't read well.
(d) He has a night job.

5. What should one decide to do in order to make money?
(a) Hold on to the stock until it starts to drop.
(b) Stay in for the long haul.
(c) Sell when you need money.
(d) Let a financial advisor handle your deals.

Short Answer Questions

1. What does Livingston say is the most important thing?

2. What is the stock Livingston buys to restart his career?

3. What does Livingston notice not long after selling off his Union Pacific stock?

4. Why is Livingston having a hard time increasing his money?

5. What is affected the most by timing on Wall Street?

(see the answer key)

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