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

Multiple Choice Questions

1. Who convinces Livingston that Union Pacific is manipulating him?
(a) His wife.
(b) His best friend.
(c) His mentor.
(d) The branch manager.

2. For what does young Livingston have an excellent memory?
(a) Numbers.
(b) People's names.
(c) Languages.
(d) Recipes.

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

4. What do the small shops agree Livingston can do?
(a) Buy on margin.
(b) Buy and sell at the same time.
(c) Trade on the prices quoted.
(d) Open a very large account.

5. How are the quotes for stocks disseminated?
(a) Called out.
(b) Called in by phone.
(c) Sent to brokers by runners.
(d) Show up on a computer screen.

Short Answer Questions

1. What does Livingston say is impossible to catch?

2. What does Livingston say gives a trader the sense of what to do?

3. What does Livingston say to do with anything showing a loss?

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

5. Why does Livingston declare bankruptcy?

(see the answer key)

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