In reference to crowdfunding, a backer is best described as:
A)a person who will pay back a loan if you fail to do so
B)people who contribute support in a crowdfunding venture
C)the site on which crowdfunding ventures occur
D)the financial institution that manages the transfer of money

Question

Quizplus · Accepted Answer

A backer refers to individuals or groups of people who contribute financial support in a crowdfunding venture. They are the ones who pledge money to a project with the expectation of receiving a reward or simply supporting a cause they believe in.

In Reference to Crowdfunding, a Backer Is Best Described As