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

Multiple Choice Questions

1. What does it take to be one of the best traders?
(a) Knowing when bonds are good.
(b) Knowing when to borrow money.
(c) Knowing when to buy on margin.
(d) Knowing how to use the patterns.

2. Why does Livingston meet with Percy Thomas?
(a) Thomas asked to meet him and he admires Percy.
(b) Percy was a friend of Livingston's brother.
(c) Percy caused Livingston to lose a lot of money.
(d) Percy caused Livingston to make a lot of money.

3. What has he regretted ignoring in the past?
(a) Stocks going down.
(b) Not liking a company.
(c) His mentor's advice.
(d) Strong hunches.

4. Why does Livingston want to sell Union Pacific?
(a) He has a strong hunch.
(b) They've been going down.
(c) He doesn't like the owner.
(d) He never travels by train.

5. Of whom does Livingston make fun?
(a) Brokage firms.
(b) Traders and the public looking for tips.
(c) Commodity traders.
(d) The press.

Short Answer Questions

1. Why do the bucket shops begin banning Livingston?

2. Who does the president of the Stock Exchange and the wealthiest bank go to see?

3. What does Livingston decide from the Union Pacific situation?

4. What does Livingston want to do when he sees the market rallying?

5. When was the famous stock manipulator active?

(see the answer key)

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