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

Multiple Choice Questions

1. What does Roberts suggest to Livingston?
(a) Betting on corn and wheat.
(b) Opening a bucket shop himself.
(c) Going back to school.
(d) Smaller, alternate exchanges.

2. After Livingston gets used to Wall Street, how much does he reach at one point in the early part of his career?
(a) $10,000.
(b) $155000.
(c) A million dollars.
(d) $50,000.

3. How long does Livingston stay in Boston the second time he goes there?
(a) Two years.
(b) Two weeks.
(c) Six months.
(d) A year.

4. What does Livingston believe about the cotton market when he and Percy are discussing it?
(a) It's a dull market.
(b) It's a bear market.
(c) It's a bull market.
(d) It's too volatile.

5. Where does Livingston get his money to start to recoup his losses?
(a) His best friend.
(b) The president of his brokerage firm.
(c) His father.
(d) He gets a regular job.

Short Answer Questions

1. What is the stock Livingston buys to restart his career?

2. What happens when one places an order on Wall Street time wise?

3. Why does Livingston say traders are often vilified in the press and by other traders?

4. What does Livingston think is his best guide to trading?

5. Under what authority are bucket shops allowed?

(see the answer key)

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