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

Multiple Choice Questions

1. What happens to Livingston when someone buys up all the corn?
(a) He loses money.
(b) He breaks even.
(c) He makes $50,000.
(d) He isn't involved in corn trade.

2. How does Livingston portray himself to the small exchanges?
(a) Someone who has lost a lot of money on Wall Street.
(b) Someone who is very knowledgeable.
(c) Someone who has never thought about stocks.
(d) Someone who is very, very wealthy.

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

4. How many people held most of the stock in Consolidated Stove?
(a) Three.
(b) Two.
(c) One.
(d) Ten.

5. The price on the stocks in bucket shops is in what according to time?
(a) Two days old.
(b) Real time.
(c) Elasped time.
(d) Several hours old.

Short Answer Questions

1. What does Livingston think is his best guide to trading?

2. What do customers at a bucket shop do?

3. What does Livingston believe about this famous stock manipulator?

4. To what does Livingston attribute his success?

5. Why does Livingston say traders are often vilified in the press and by other traders?

(see the answer key)

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