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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XVIII.

Multiple Choice Questions

1. Why did Livingston refuse the offer of partnership with Percy?
(a) He didn't like Percy's methods.
(b) He thinks Percy is on the illicit side of manipulations.
(c) He works alone.
(d) He doesn't like being involved in cotton.

2. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Started buying Union Pacific again.
(b) Went into index funds.
(c) Bought a lot of mutual funds.
(d) Went into commodoties.

3. How does he start out selling Union Pacific?
(a) All at once.
(b) He talks to the brokage manager.
(c) Shares every other week.
(d) Slowly at first.

4. What does Percy believe about the cotton market?
(a) It's an exciting market.
(b) It's very stable.
(c) It's a bull market.
(d) It's a bear market.

5. What does Livingston notice about the price of Tropical Trading stock?
(a) The price fluctuates wildly.
(b) The price has been run up.
(c) The price is way down.
(d) The price hasn't changed in four years.

Short Answer Questions

1. What does Livingston do after receiving advice from his manager?

2. What happens to Livingston when he takes Percy's advice?

3. What happens shortly after he starts selling Union Pacific stock by the thousands?

4. Who convinces Livingston that Union Pacific is manipulating him?

5. What does Union Pacific announce that dismays Livingston?

(see the answer key)

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