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

Multiple Choice Questions

1. What has he regretted ignoring in the past?
(a) Stocks going down.
(b) Strong hunches.
(c) Not liking a company.
(d) His mentor's advice.

2. Where does Livingston go when he leaves Boston?
(a) Pittsburgh.
(b) Florida.
(c) New York.
(d) Washington D.C.

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

4. How much money does Livingston make when he first comes back from St. Louis?
(a) He loses money.
(b) He makes a huge amount of money.
(c) He gains slowly, but steadily.
(d) He makes a moderate amount of money.

5. What does Livingston decide from the Union Pacific situation?
(a) To practice understanding insider actions.
(b) To only trust himself.
(c) To listen more carefully to his manager.
(d) To go back to school to learn more.

Short Answer Questions

1. Under what authority are bucket shops allowed?

2. What does the phrase "go short" mean?

3. Who does the president of the Stock Exchange and the wealthiest bank go to see?

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

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

(see the answer key)

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