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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 say one must be in order to be a good trader?
(a) Intuitive.
(b) Subjective.
(c) Very smart and well educated.
(d) Objective and neutral.

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

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

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

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

Short Answer Questions

1. Why did Livingston stop in New Haven on his way to New York?

2. When should one stay clear of a stock?

3. What happens shortly after he starts selling Union Pacific stock by the thousands?

4. What does Livingston do when he proves himself right about the market in Chapter IX?

5. As the market slides, what signs are showing in other financial institutions?

(see the answer key)

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