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

Multiple Choice Questions

1. How do some smaller exchanges double their money?
(a) Taking out too much taxes.
(b) Allowing margin play.
(c) Switching prices at the last minute.
(d) Getting different customers to buy and sell at the same time.

2. What does the phrase "go long" mean?
(a) To buy stock.
(b) To sell any stock within 30 days.
(c) To buy stock that's been on the market a long time.
(d) To wait a long time to sell.

3. What did Livingston decide to look at when thinking about what to buy or sell?
(a) The overall market.
(b) Mutual funds.
(c) The ten best stocks.
(d) Index funds.

4. How does Livingston play on the market when he returns from St. Louis?
(a) Cautiously.
(b) Frantically.
(c) Confidently.
(d) Carelessly.

5. Why is Livingston so good at betting?
(a) He is clairvoyant.
(b) He uses only the simple stocks.
(c) He has a good poker face.
(d) He can remember the patterns.

Short Answer Questions

1. What happens to Livingston when someone buys up all the corn?

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

3. How much money did Livingston make on the Union Pacific sell off?

4. How much money does Livingston make when he first comes back from St. Louis?

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

(see the answer key)

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