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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. What is one of the forces that can cause a stock spectator's plans to go awry?
(a) The government changing regulations.
(b) The trader calling in sick on the best day to sell.
(c) A company collapsing.
(d) Forces inherent in the market.

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

3. What does Livingston say about a drop in a stock price?
(a) It was too low for buying.
(b) It was too high for buying.
(c) It only drops as the market is going down.
(d) It wouldn't drop if it weren't justified.

4. What does Livingston wonder when he is flat broke again?
(a) How he made so many mistakes.
(b) Whether he should switch to a different work.
(c) How he can make his money back.
(d) If his brother has some money to lend him.

5. What does Livingston say is a good method to make a stock look good?
(a) Use inside trading.
(b) Buy and sell rapidly.
(c) Buy a lot of that stock.
(d) Sell most of the stock.

Short Answer Questions

1. Why was Consolidated Stove formed?

2. What does Livingston say a good broker letter should be?

3. What does Livingston think one should never feel about the market?

4. What does Livingston say cornering a market can do to a price?

5. What does Livingston say a trader needs to make a good decision?

Short Essay Questions

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

2. What does Livingston say about the press and insider trading?

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

4. Is Livingston asked for tips? What does he say?

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

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

7. What does Livingston begin to do for a living?

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

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

10. What happens when Livingston starts buying up what Imperial Steel stock is on the market.

(see the answer keys)

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