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

Multiple Choice Questions

1. Why doesn't Livingston make any money no matter how hard he tries?
(a) He has lost his enthusiasm.
(b) He has lost the pattern.
(c) He had to start with too little.
(d) Market conditions aren't right.

2. What happens to Livingston when someone buys up all the corn?
(a) He loses money.
(b) He isn't involved in corn trade.
(c) He makes $50,000.
(d) He breaks even.

3. What does Livingston wonder when he is flat broke again?
(a) Whether he should switch to a different work.
(b) If his brother has some money to lend him.
(c) How he made so many mistakes.
(d) How he can make his money back.

4. What does Livingston figure out he has to do to make a lot of money?
(a) Trade on broad principles.
(b) Keep his money riding longer.
(c) Play one stock consistently.
(d) Spread his money around.

5. When is there a financial panic in 1907?
(a) June.
(b) April.
(c) October.
(d) August.

Short Answer Questions

1. Why is Livingston frustrated when he leaves Williamson's?

2. Who does Livingston say uses tips to no good ends for their customers?

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

4. What does Williamson agree to allow Livingston to do?

5. Why does Livingston take his profit out so fast?

(see the answer key)

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