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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who does the president of the Stock Exchange and the wealthiest bank go to see?
(a) The President of America.
(b) John Rockefellow.
(c) J. P. Morgan.
(d) The Railroad Union President.

2. What does Livingston do at several small alternate exchanges?
(a) Lose a lot of money.
(b) Establish accounts.
(c) Let Roberts handle everything.
(d) Get kicked out.

3. Why is corn having a hard time getting to the market?
(a) Due to government regulations.
(b) Due to the weather.
(c) Due to the roads.
(d) Due to a union stike.

4. What does Livingston say will happen in a stock or commodity if a surprise event occurs?
(a) It will always go up.
(b) It will always go down.
(c) It will move in the direction of the market.
(d) It will always stay the same.

5. What do customers at a bucket shop do?
(a) Buy feed buckets.
(b) Bet on a stock going up or down.
(c) Buy stock.
(d) Play the lottery.

Short Answer Questions

1. Why does Livingston meet with Percy Thomas?

2. What is one trait Livingston says a successful stock trader must have?

3. What does Livingston decide to buy next?

4. What happens when one places an order on Wall Street time wise?

5. The price on the stocks in bucket shops is in what according to time?

Short Essay Questions

1. What happens when Livingston first comes back from St. Louis?

2. What commodities has Livingston been trading and how is that going?

3. What does Livingston say one should do in a rising or falling market?

4. What kind of hunch does Livingston talk about in Chapter VI?

5. What kind of trader does Livingston hear had a bad loss and what does he do about it?

6. How long does Livingston stay in Boston and then what does he do?

7. What does Livingston do with Roberts suggestion?

8. Why was Livingston banned from the bucket shops and what did the last one he bet at do?

9. Why does Livingston say patterns can be used and who uses them well?

10. What does Livingston do when he can't bet in Boston and how much money does he have?

(see the answer keys)

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