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

Multiple Choice Questions

1. What must a successful stock trader do?
(a) Play poker.
(b) Make the actual trade.
(c) Work for a brokage firm.
(d) Borrow money.

2. When should one stay clear of a stock?
(a) During the down season for that business.
(b) Right after it's public offering.
(c) Anytime it goes up.
(d) When it acts erratically.

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

4. Where does Livingston go with his $500?
(a) To St. Louis.
(b) To Dallas.
(c) To Boston.
(d) To Atlanta.

5. Under what authority are bucket shops allowed?
(a) The local constable signs the permit.
(b) Thet are established by New York State government.
(c) They are not legal.
(d) The NYSE authorizes them.

Short Answer Questions

1. What is an important aspect of trading successfully?

2. What fascinates the young Livingston?

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

4. The price on the stocks in bucket shops is in what according to time?

5. Why is Livingston so good at betting?

(see the answer key)

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