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

Multiple Choice Questions

1. What does Livingston say financial news in the papers is?
(a) Useless.
(b) Very helpful.
(c) Up-to-date.
(d) Retrospective.

2. According to Livingston why should no one trade every day?
(a) The excitement leads to mistakes.
(b) It is too tiring.
(c) It cost too much money.
(d) It's not good for the soul.

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

4. What does Livingston complain about Wall Street?
(a) How slow trades are.
(b) How everyone is unfriendly.
(c) How much money he lost.
(d) How the market goes up and down too much.

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

Short Answer Questions

1. What does Livingston say is a good method to make a stock look good?

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

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

4. How do some smaller exchanges double their money?

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

(see the answer key)

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