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

Multiple Choice Questions

1. How much regulation is there in the stock market during Livingston's era?
(a) It has many rules.
(b) Very little regulation.
(c) The SDIC is watching everyone constantly.
(d) There is a moderate amount.

2. What does Livingston believe about this famous stock manipulator?
(a) That he broke the law many times.
(b) That he would be successful anytime.
(c) That he should have been arrested.
(d) That he was a scoundrel.

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

4. Who does the president of the Stock Exchange and the wealthiest bank go to see?
(a) J. P. Morgan.
(b) The Railroad Union President.
(c) John Rockefellow.
(d) The President of America.

5. What must a successful stock trader do?
(a) Play poker.
(b) Work for a brokage firm.
(c) Make the actual trade.
(d) Borrow money.

Short Answer Questions

1. What does Union Pacific announce that dismays Livingston?

2. On a rising market what should each trade be?

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

4. Why doesn't Livingston learn the new techniques for betting on Wall Street?

5. To what does Livingston attribute his success?

(see the answer key)

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