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

Multiple Choice Questions

1. How does Livingston end up in his dealings with Tropical Trading?
(a) He makes about a million dollars.
(b) He makes about $50,000.
(c) He loses about half of what he put in.
(d) He breaks even.

2. What does Livingston decide from the Union Pacific situation?
(a) To practice understanding insider actions.
(b) To go back to school to learn more.
(c) To only trust himself.
(d) To listen more carefully to his manager.

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

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

5. What does Livingston do to retaliate against the insiders?
(a) Tells all his friends to sell.
(b) Sells a bunch of the parent company stock.
(c) Buys all the low priced shares.
(d) Tells the newspaper it's going under.

Short Answer Questions

1. How does he start out selling Union Pacific?

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

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

4. What does everyone finally think about Tropical Trading?

5. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

(see the answer key)

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