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)a person who contributes support in a crowdfunding venture
C)a financial institution that lends money to a startup
D)the financial institution that manages the transfer of money

Question

Quizplus · Accepted Answer

A backer is someone who supports a project or venture by contributing money or resources through crowdfunding. They are not a person who lends money or manages the transfer of money, nor are they responsible for paying back a loan.

In Reference to Crowdfunding,a Backer Is Best Described as ______