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

Multiple Choice Questions

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

2. When Livingston is looking at the price of Tropical Trading what is the market doing?
(a) Fluctuating wildly.
(b) Staying the same.
(c) Going up.
(d) Going down.

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

4. What did coffee brokers tell Congress about Livingston?
(a) He was trying to corner the market.
(b) He was intimidating them.
(c) He was selling too low.
(d) He bought coffee from Germany.

5. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company folds.
(c) The stock falls even farther.
(d) The company expands.

Short Answer Questions

1. Under what authority are bucket shops allowed?

2. What does Livingston say gives a trader the sense of what to do?

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

4. How many people held most of the stock in Consolidated Stove?

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

(see the answer key)

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