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

Multiple Choice Questions

1. What does Livingston do after receiving advice from his manager?
(a) Buys stock in oil.
(b) Buys wheat.
(c) Sells the rest of his Union Pacific stock.
(d) Sells all of his corn.

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

3. What does Livingston do to prevent being broke again?
(a) He opens a large savings account.
(b) He puts money into annuities.
(c) He sends half his money to his brother to hold for him.
(d) He puts some of his money in municipal bonds.

4. What does Livingston say one must be in order to be a good trader?
(a) Subjective.
(b) Very smart and well educated.
(c) Objective and neutral.
(d) Intuitive.

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

Short Answer Questions

1. Why is corn having a hard time getting to the market?

2. What does Livingston say financial news in the papers is?

3. What does Livingston decide from the Union Pacific situation?

4. What kind of trading is done at a bucket shop?

5. What does Union Pacific announce that dismays Livingston?

(see the answer key)

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