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

Multiple Choice Questions

1. Why did Livingston stop in New Haven on his way to New York?
(a) To take a job.
(b) To bet in a bucket shop.
(c) To see his mother.
(d) To see his brother.

2. What is one trait Livingston says a successful stock trader must have?
(a) Ability to spend money.
(b) Control of emotions.
(c) Ability to make friends.
(d) Confidence.

3. How does Livingston play on the market when he returns from St. Louis?
(a) Confidently.
(b) Cautiously.
(c) Frantically.
(d) Carelessly.

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

5. What's the difference between working on the stock exchange and the bucket shops?
(a) Wall Street requires you to wear a suit and tie.
(b) Bucket shops require more money.
(c) Bucket shops are run by the mob.
(d) In bucket shops you only bet on a stock; in Wall Street you buy it.

Short Answer Questions

1. How much money does Livingston have when he goes to Wall Street?

2. How much money does Livingston make when he first comes back from St. Louis?

3. What is affected the most by timing on Wall Street?

4. How much money did Livingston make on the Union Pacific sell off?

5. What does Roberts suggest to Livingston?

(see the answer key)

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