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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 the phrase "go short" mean?
(a) To buy stock that's been on the market a short time.
(b) To buy any stock within 30 days.
(c) To wait a short time to sell.
(d) To sell stock.

2. What does Livingston hear about a well known cotton trader?
(a) He has switched to soy beans.
(b) He has made 2 million dollars.
(c) He has taken a huge loss.
(d) He has quit the business.

3. What fascinates the young Livingston?
(a) The way the stocks move up and down.
(b) Why people come to bucket shops.
(c) How people bet.
(d) The patterns on the ticker tape.

4. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He quits and goes to New York.
(b) He starts reverse manipulations.
(c) He buys the exchange.
(d) He calls the police.

5. How do some smaller exchanges double their money?
(a) Allowing margin play.
(b) Taking out too much taxes.
(c) Getting different customers to buy and sell at the same time.
(d) Switching prices at the last minute.

Short Answer Questions

1. What should one decide to do in order to make money?

2. What does the phrase "go long" mean?

3. How does Livingston end up in his dealings with Tropical Trading?

4. How does Livingston portray himself to the small exchanges?

5. According to Livingston why should no one trade every day?

(see the answer key)

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