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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. Of whom does Livingston make fun?
(a) Traders and the public looking for tips.
(b) Brokage firms.
(c) The press.
(d) Commodity traders.

2. How many people held most of the stock in Consolidated Stove?
(a) Two.
(b) Ten.
(c) One.
(d) Three.

3. Why does Livingston say certain stock manipulator practices should be banned?
(a) They hurt the public.
(b) They are too complicated.
(c) They have resulted in murder.
(d) They result in stolen money.

4. How was the company Consolidated Stove formed?
(a) Two companies came together.
(b) By a hostile take over.
(c) It was just a regular company named Consolidated Stove.
(d) Combining three other companies.

5. What does Livingston say when someone asks him for a tip?
(a) He ignores the person.
(b) Comments on the general run of the market.
(c) He doesn't have time to be bothered.
(d) He doesn't take or give tips.

Short Answer Questions

1. What does Livingston say about a drop in a stock price?

2. How does Livingston start his job with Imperial Steel?

3. What does Livingston notice about the price of Tropical Trading stock?

4. Why does Imperial Steel hire Livingston?

5. When was the famous stock manipulator active?

Short Essay Questions

1. Why were the three main stock holders of Consolidated Stove angry at Livingston?

2. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

3. What does Livingston do to keep from being broke again?

4. Sum up what Livingston says about cornering the market.

5. Why does Imperial Steel hire Livingston and why do they need him?

6. How does Livingston think James R. Keene would do in the market of Livingston's era.

7. What does Livingston say about forces that can cause plans to go wrong?

8. What is one of the primary tools to manipulate a stock?

9. How does Livingston feel about hunches?

10. What does Livingston notice about the price of Tropical Trading and what does he do about it?

(see the answer keys)

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