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

Multiple Choice Questions

1. What does Livingston do after receiving advice from his manager?
(a) Sells the rest of his Union Pacific stock.
(b) Buys stock in oil.
(c) Sells all of his corn.
(d) Buys wheat.

2. What actually happens when Livingston is working under an account at Williamson's?
(a) They constantly criticize his work.
(b) They squeeze him for the loan payment.
(c) They keep asking him to do favors.
(d) He makes millions of dollars.

3. What concerns Livingston in 1906?
(a) Who will be elected president.
(b) Whether new regulations will be enacted.
(c) The world economic situation.
(d) Whether he will ever start a family.

4. Why does Livingston return to Boston?
(a) He wants to open a bucket shop.
(b) He hates the traffic in New York.
(c) His mother is ill.
(d) He's broke and frustrated.

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

Short Answer Questions

1. When is a good time to sell a stock?

2. Why does Livingston take his profit out so fast?

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

4. What type of time is the trading at a bucket shop?

5. When does a trader err when trading?

(see the answer key)

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