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

Multiple Choice Questions

1. How do some smaller exchanges double their money?
(a) Allowing margin play.
(b) Switching prices at the last minute.
(c) Taking out too much taxes.
(d) Getting different customers to buy and sell at the same time.

2. Why can bets be carefully timed in bucket shops?
(a) They can be bought and sold instantly.
(b) There's less people betting.
(c) It's carefully controlled by the government.
(d) There's only three stocks involved.

3. What is affected the most by timing on Wall Street?
(a) Index funds.
(b) Small trades.
(c) Large trades.
(d) Bonds.

4. What does Livingston do with his predictions at first?
(a) He only bets a little.
(b) He shows them to others.
(c) He changes them then shows them to others.
(d) He records them.

5. Why does Livingston return to Boston?
(a) He's broke and frustrated.
(b) His mother is ill.
(c) He hates the traffic in New York.
(d) He wants to open a bucket shop.

Short Answer Questions

1. How much regulation is there in the stock market during Livingston's era?

2. What type of time is the trading at a bucket shop?

3. According to Livingston why should no one trade every day?

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

5. How does Livingston portray himself to the small exchanges?

(see the answer key)

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