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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 Livingston say one should do when a stock that's being sold is dropping?
(a) Buy some as it drops to boost the price.
(b) Hold it until it bottoms out and starts back up.
(c) Sell all of it at the same day.
(d) Buy and sell within a half hour of each other.

2. What do some people claim about a newspaper article that helped Livingston?
(a) The newspaper interviewed him for it.
(b) His brother wrote it.
(c) He engineered it.
(d) His wife wrote it.

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

4. For what was the famous stock manipulator most known?
(a) Causing worthless stock to be bought at outrageous prices.
(b) Manipulation of Bethleham Steel.
(c) Crashing the market one November.
(d) Manipulation of U.S. Steel stock prices.

5. What kind of trading is done at a bucket shop?
(a) Throw back.
(b) Subjective.
(c) Highly technical.
(d) Superficial.

Short Answer Questions

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

2. When is there a financial panic in 1907?

3. Where does Livingston go after the dealings with Percy?

4. What does an operator tell people when cornering a market?

5. What does Livingston do when he proves himself right about the market in Chapter IX?

(see the answer key)

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