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

Multiple Choice Questions

1. What does Livingston think is his best guide to trading?
(a) The Fortune 500.
(b) What happens in Washington D.C.
(c) Himself.
(d) Standard and Poor's index of stock.

2. What does Livingston do when the alternate exchanges start to try and manipulate him?
(a) He buys the exchange.
(b) He starts reverse manipulations.
(c) He quits and goes to New York.
(d) He calls the police.

3. What did Livingston do about individual stocks?
(a) Stopped focusing on them.
(b) Made charts of their ups.
(c) Followed them carefully.
(d) Paid absolutely no attention to them.

4. What does the phrase "go long" mean?
(a) To buy stock that's been on the market a long time.
(b) To buy stock.
(c) To wait a long time to sell.
(d) To sell any stock within 30 days.

5. In what does Livingston trade besides stocks?
(a) Mutual funds.
(b) Bonds.
(c) Index funds.
(d) Commodities.

Short Answer Questions

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

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

3. What do the banks ask Livingston to not do during the panic of 1907?

4. Why does Livingston want to sell Union Pacific?

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

(see the answer key)

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