View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. When can one only sell stock?
(a) When there's a willing buyer.
(b) When the company is stable.
(c) When your manager authorizes the sell.
(d) When the stock is worth more than paid for.

2. What does Livingston complain about Wall Street?
(a) How slow trades are.
(b) How the market goes up and down too much.
(c) How much money he lost.
(d) How everyone is unfriendly.

3. How does he consider commodities in comparison to stocks?
(a) Make less money on them.
(b) Less complex maneuvers around them.
(c) They are the poor man's stock.
(d) They can be too volatile.

4. How does Livingston play on the market when he returns from St. Louis?
(a) Carelessly.
(b) Frantically.
(c) Cautiously.
(d) Confidently.

5. How useful is bucket shop technique on Wall Street?
(a) Very useful.
(b) It is the same technique.
(c) One has nothing to do with the other.
(d) Not very useful.

Short Answer Questions

1. What don't the new bucket shops in Boston allow?

2. How much money did Livingston make on the Union Pacific sell off?

3. For what does young Livingston have an excellent memory?

4. What should one decide to do in order to make money?

5. What is happening to wheat prices when Livingston is trading it?

Short Essay Questions

1. What happens to Livingston in St. Louis?

2. What happens when Livingston first comes back from St. Louis?

3. Why does Livingston take so long to figure out the stock market and what happens then?

4. What's the difference between trading on Wall Street and bucket shops and how does it affect Livingston?

5. Why was Livingston banned from the bucket shops and what did the last one he bet at do?

6. What lesson does Livingston finally learn about markets?

7. What happens in October of 1907?

8. What does Livingston say must be available in order to sell a stock and why?

9. What does Livingston say one should do in a rising or falling market?

10. What does Livingston discuss concerning stocks in Chapter V?

(see the answer keys)

This section contains 880 words (approx. 3 pages at 300 words per page) View a FREE sample