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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 suggest is the reason for urges?
(a) Human nature.
(b) Small warnings.
(c) Being fearful.
(d) Being competitive.

2. When can one only sell stock?
(a) When there's a willing buyer.
(b) When the company is stable.
(c) When the stock is worth more than paid for.
(d) When your manager authorizes the sell.

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

4. What does Livingston say financial news in the papers is?
(a) Useless.
(b) Up-to-date.
(c) Retrospective.
(d) Very helpful.

5. What is one of the forces that can cause a stock spectator's plans to go awry?
(a) A company collapsing.
(b) The trader calling in sick on the best day to sell.
(c) Forces inherent in the market.
(d) The government changing regulations.

Short Answer Questions

1. Why was Consolidated Stove formed?

2. What does Livingston warn about in the beginning of Chapter XV?

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

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

5. What is Livingston's job at a bucket shop?

(see the answer key)

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