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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 does Livingston make when he first comes back from St. Louis?
(a) He loses money.
(b) He gains slowly, but steadily.
(c) He makes a moderate amount of money.
(d) He makes a huge amount of money.

2. Why did Livingston refuse the offer of partnership with Percy?
(a) He doesn't like being involved in cotton.
(b) He works alone.
(c) He didn't like Percy's methods.
(d) He thinks Percy is on the illicit side of manipulations.

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

4. What does Livingston say is illegal now?
(a) Using information from the newspaper.
(b) Many market manipulations.
(c) Buying and selling on the same day.
(d) Borrowing money to play the market.

5. Why do the bucket shops begin banning Livingston?
(a) He is obnoxious.
(b) He runs other customers away.
(c) He has stolen money.
(d) He wins too much.

Short Answer Questions

1. Why can bets be carefully timed in bucket shops?

2. When does a trader err when trading?

3. What does everyone finally think about Tropical Trading?

4. When was the famous stock manipulator active?

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

(see the answer key)

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