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

Multiple Choice Questions

1. How much money did Livingston make on the Union Pacific sell off?
(a) $150,000.
(b) $100,000.
(c) $250,000.
(d) $75,000.

2. What type of time is the trading at a bucket shop?
(a) Short term.
(b) Several weeks.
(c) Over a lifetime.
(d) Long term.

3. How are the quotes for stocks disseminated?
(a) Called out.
(b) Show up on a computer screen.
(c) Sent to brokers by runners.
(d) Called in by phone.

4. Why doesn't Livingston learn the new techniques for betting on Wall Street?
(a) He makes enough to live on.
(b) He has to study harder.
(c) He doesn't read well.
(d) He has a night job.

5. What is Livingston's job at a bucket shop?
(a) Trader.
(b) Runner.
(c) Quotation boy.
(d) Stock broker.

Short Answer Questions

1. Who convinces Livingston that Union Pacific is manipulating him?

2. Under what authority are bucket shops allowed?

3. What does it take to be one of the best traders?

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

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

(see the answer key)

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