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

Multiple Choice Questions

1. How much money did Livingston make on the Union Pacific sell off?
(a) $100,000.
(b) $75,000.
(c) $250,000.
(d) $150,000.

2. What do customers at a bucket shop do?
(a) Buy stock.
(b) Bet on a stock going up or down.
(c) Play the lottery.
(d) Buy feed buckets.

3. What does Livingston believe about this famous stock manipulator?
(a) That he would be successful anytime.
(b) That he should have been arrested.
(c) That he broke the law many times.
(d) That he was a scoundrel.

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

5. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into index funds.
(b) Started buying Union Pacific again.
(c) Went into commodoties.
(d) Bought a lot of mutual funds.

Short Answer Questions

1. What does Livingston say is a good method to make a stock look good?

2. What happens to Livingston when he takes Percy's advice?

3. What did Livingston do about individual stocks?

4. When can one only sell stock?

5. Why do the bucket shops begin banning Livingston?

(see the answer key)

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