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

Multiple Choice Questions

1. As the market slides, what signs are showing in other financial institutions?
(a) Average wages have dropped.
(b) The government has taken out more bonds.
(c) Banks are being affected.
(d) The FDIC is in the red.

2. To what does Livingston attribute his success?
(a) Being willing to lose lots of money.
(b) Having a lot of friends.
(c) Being in the right place at the wrong time.
(d) Objectively watching stocks.

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

4. What does Percy believe about the cotton market?
(a) It's an exciting market.
(b) It's a bull market.
(c) It's a bear market.
(d) It's very stable.

5. What does experience give a successful stock trader?
(a) Friends.
(b) A job.
(c) Respect.
(d) Learning.

Short Answer Questions

1. What's the difference between working on the stock exchange and the bucket shops?

2. What does Livingston say about a drop in a stock price?

3. What has happened to Percy recently in the market?

4. Who convinces Livingston that Union Pacific is manipulating him?

5. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

(see the answer key)

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