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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 say is impossible to catch?
(a) Two stocks related moving in different directions.
(b) Tiny fluctuations of the market.
(c) A stock on the rise.
(d) A stock just being offered.

2. What happens to Livingston after his dealings with Percy Thomas?
(a) He gets married.
(b) Nothing happens to him.
(c) He moves back into oil stock.
(d) He becomes ill.

3. What's the difference between working on the stock exchange and the bucket shops?
(a) In bucket shops you only bet on a stock; in Wall Street you buy it.
(b) Bucket shops require more money.
(c) Wall Street requires you to wear a suit and tie.
(d) Bucket shops are run by the mob.

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

5. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Subjective.
(c) Highly technical.
(d) Throw back.

Short Answer Questions

1. Why does Livingston declare bankruptcy?

2. What does Livingston think is his best guide to trading?

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

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

5. What is one trait Livingston says a successful stock trader must have?

(see the answer key)

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