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. What does any trade do to the price of a stock?
(a) If selling the price goes up.
(b) Affects it.
(c) Nothing.
(d) If buying the price goes down.

2. How does Livingston feel about selling stocks on a payment plan and stock splits?
(a) He warns against this.
(b) He has no opinion.
(c) He thinks you should do them but on a limited basis.
(d) He thinks they're a great idea.

3. How does Livingston start his job with Imperial Steel?
(a) Selling Bethleham Steel.
(b) Buying Bethleham Steel.
(c) Buying all of Imperial's stock on the market.
(d) Selling all of Imperial's free floating stock.

4. What does Livingston say is illegal now?
(a) Buying and selling on the same day.
(b) Using information from the newspaper.
(c) Borrowing money to play the market.
(d) Many market manipulations.

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

Short Answer Questions

1. How does Livingston end up in his dealings with Tropical Trading?

2. How was the company Consolidated Stove formed?

3. What does everyone finally think about Tropical Trading?

4. Why does Livingston say that after 25 years playing the market, it has become more difficult?

5. What does Livingston think the purpose of split stocks is?

Short Essay Questions

1. What does Livingston say when people say a stock drops because someone sells it?

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

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

4. What does Livingston say about broker letters?

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

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

7. How does a trader test a stock?

8. What does Livingston do when he returns to New York?

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

10. How does Livingston feel about tips and to what does he attribute his success?

(see the answer keys)

This section contains 980 words (approx. 4 pages at 300 words per page) View a FREE sample