13. Which one of the following statements about venture capitalists is not correct? 4 point) A) Venture capitalists contribute equity financing rather than make loans B) Venture capitalists are passive investors C) Most private venture capitalists are organized as limited partnerships D) The federal government licenses some private firms to provide lower cost funds to entrepreneurs E) Angel venture capitalists are wealthy individuals who fund business startups. 14. Which one of the following securities firms' activities is normally the most risky? 4 point) A) Best efforts offering B) Private placement C) Firm commitment offering D) Pure arbitrage E) Program trading 15. Banking may be subdivided into at least three categories of banks. Match the definitions with the appropriate name. (5 point) I. A bank that specializes in retail or consumer banking in a local market II. A bank that engages in a complete array of wholesale commercial banking activities and usually also provides retail banking services III. A bank that is located in a financial center and relies on nonderosit or borrowed sources of funds for a significant portion of its liabilities A) Money center bank; community bank; super-regional bank B) Community bank; money center bank; super-regional bank C) Super-regional bank; money center bank, community bank D) Money center bank, super-regional bank; community bank E) Community bank; super-regional bank; money center bank 16. The trading activity involving purchases of large blocks of securities on the expectation of a favorable price move over the next several weeks or months is called (4 point) A) Program trading B) Pure arbitrage C) Day trading D) Position trading E) Hedging