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

Multiple Choice Questions

1. Why doesn't Livingston make any money no matter how hard he tries?
(a) He had to start with too little.
(b) Market conditions aren't right.
(c) He has lost his enthusiasm.
(d) He has lost the pattern.

2. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco earthquake.
(b) The San Francisco tidal wave.
(c) Nothing happens.
(d) The San Francisco fire.

3. What is happening to wheat prices when Livingston is trading it?
(a) It's going up.
(b) It's moving up and down everyday.
(c) It's staying the same.
(d) It's declining.

4. What type of time is the trading at a bucket shop?
(a) Short term.
(b) Over a lifetime.
(c) Several weeks.
(d) Long term.

5. Why does Livingston declare bankruptcy?
(a) To be able to retire.
(b) To gain money for a stake.
(c) To clear his record off.
(d) To get rid of two persistent creditors.

Short Answer Questions

1. What does Livingston decide to buy next?

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

3. What does Livingston do about his concerns in 1906?

4. Why does Livingston keep losing money on stocks?

5. What does Livingston notice not long after selling off his Union Pacific stock?

(see the answer key)

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