View a FREE sample

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

Multiple Choice Questions

1. When can one only sell stock?
(a) When the stock is worth more than paid for.
(b) When your manager authorizes the sell.
(c) When there's a willing buyer.
(d) When the company is stable.

2. What kind of trading is done at a bucket shop?
(a) Superficial.
(b) Throw back.
(c) Subjective.
(d) Highly technical.

3. What don't the new bucket shops in Boston allow?
(a) Betting on commodoties.
(b) Betting on only one stock.
(c) Large trades.
(d) More than two people to bet at a time.

4. Why is it harder for alternate exchanges to get rid of a customer?
(a) They sign contracts that can't be broken.
(b) They have a reputation to uphold.
(c) They are regulated by the government.
(d) They are very poor.

5. What is an important aspect of trading successfully?
(a) Having good advice.
(b) Being willing to bet on even odds.
(c) Having patience and waiting for the right moment.
(d) Having enough money.

Short Answer Questions

1. What does Roberts suggest to Livingston?

2. What does Livingston do when the alternate exchanges start to try and manipulate him?

3. Why does Livingston keep losing money on stocks?

4. How long does Livingston stay in Boston the second time he goes there?

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

(see the answer key)

This section contains 277 words (approx. 1 page at 300 words per page) View a FREE sample