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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 notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company folds.
(c) The company expands.
(d) The stock falls even farther.

2. How old was Livingston when he made his first $1000?
(a) 17.
(b) 19.
(c) 15.
(d) 21.

3. What did coffee brokers tell Congress about Livingston?
(a) He was intimidating them.
(b) He bought coffee from Germany.
(c) He was selling too low.
(d) He was trying to corner the market.

4. What does Livingston do about his concerns in 1906?
(a) Buys long.
(b) Buys short.
(c) Sells short.
(d) Sells long.

5. What does Livingston decide to buy next?
(a) He decides to corner the market in cotton.
(b) He goes into oil stock.
(c) He decides to buy soy beans.
(d) He moves back to high tech stock.

Short Answer Questions

1. What does Williamson agree to allow Livingston to do?

2. When can one only sell stock?

3. What does Livingston say financial news in the papers is?

4. What happens when one places an order on Wall Street time wise?

5. Under what condition does David Williamson offer Livingston a stake?

(see the answer key)

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