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

Multiple Choice Questions

1. How much money did Livingston make on the Union Pacific sell off?
(a) $150,000.
(b) $100,000.
(c) $75,000.
(d) $250,000.

2. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock falls even farther.
(b) The stock begins rising.
(c) The company expands.
(d) The company folds.

3. What happens to Livingston when he takes Percy's advice?
(a) He doubles his money.
(b) He breaks even.
(c) He didn't take Percy's advice.
(d) He loses almost everything he has.

4. What do the insiders of Tropical Trading do when Livingston goes short?
(a) Run the stock back up.
(b) Put bad articles about him in the newspaper.
(c) Make the price drop way down.
(d) Ask him to hold on to the stock.

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

Short Answer Questions

1. What does Union Pacific announce that dismays Livingston?

2. What has happened to Percy recently in the market?

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

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

5. What does Livingston conclude when Union Pacific announces a dividend?

(see the answer key)

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