View a FREE sample

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

Multiple Choice Questions

1. Why can bets be carefully timed in bucket shops?
(a) They can be bought and sold instantly.
(b) There's less people betting.
(c) It's carefully controlled by the government.
(d) There's only three stocks involved.

2. What does Livingston say is impossible to catch?
(a) Two stocks related moving in different directions.
(b) Tiny fluctuations of the market.
(c) A stock just being offered.
(d) A stock on the rise.

3. How does Livingston portray himself to the small exchanges?
(a) Someone who is very knowledgeable.
(b) Someone who has lost a lot of money on Wall Street.
(c) Someone who is very, very wealthy.
(d) Someone who has never thought about stocks.

4. Why does Livingston keep losing money on stocks?
(a) He's reacting to price and movement.
(b) He plays like it's a game.
(c) He gets distracted by numbers.
(d) He doesn't understand some of the companies.

5. What do the small shops agree Livingston can do?
(a) Trade on the prices quoted.
(b) Open a very large account.
(c) Buy and sell at the same time.
(d) Buy on margin.

Short Answer Questions

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

2. What does Livingston finally begin to study?

3. What does Livingston complain about Wall Street?

4. What does Livingston notice not long after selling off his Union Pacific stock?

5. What fascinates the young Livingston?

Short Essay Questions

1. What commodities is Livingston trading and how is that going?

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

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

4. What does the trader Roberts suggest to Livingston?

5. What concerns Livingston in 1906 and why?

6. What job did Livingston have when the book opened and how are stock quotes done?

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

8. What happens a few days after he sells Union Pacific and how did that help Livingston?

9. What does Livingston say must be available in order to sell a stock and why?

10. What does Livingston say again about the bucket shops and Wall Street?

(see the answer keys)

This section contains 809 words (approx. 3 pages at 300 words per page) View a FREE sample