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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 notice about the price of Tropical Trading stock?
(a) The price has been run up.
(b) The price hasn't changed in four years.
(c) The price fluctuates wildly.
(d) The price is way down.

2. In what does Livingston trade besides stocks?
(a) Index funds.
(b) Commodities.
(c) Bonds.
(d) Mutual funds.

3. Why does Livingston say that after 25 years playing the market, it has become more difficult?
(a) Too many new laws.
(b) There's been a large increase in the number of stocks.
(c) The stocks have become too expensive.
(d) There are too many brokers.

4. What is Livingston's job at a bucket shop?
(a) Trader.
(b) Quotation boy.
(c) Stock broker.
(d) Runner.

5. For what was the famous stock manipulator most known?
(a) Manipulation of U.S. Steel stock prices.
(b) Causing worthless stock to be bought at outrageous prices.
(c) Manipulation of Bethleham Steel.
(d) Crashing the market one November.

Short Answer Questions

1. Under what condition does David Williamson offer Livingston a stake?

2. Why should a trader start with a small trade?

3. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?

4. How does he consider commodities in comparison to stocks?

5. What actually happens when Livingston is working under an account at Williamson's?

(see the answer key)

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