When individuals who want to start a new venture obtain many small amounts of money from many people,this type of financing is called ____.
A)crowdfunding
B)multifunding
C)duplicating
D)venture-funding
E)angel-financing

Question

Quizplus · Accepted Answer

During the Great Recession,even good customers found loans hard to get.There then emerged a new kind of financing called crowdfunding,raising money for a project or venture by obtaining many small amounts of money from many people ("the crowd").

When Individuals Who Want to Start a New Venture Obtain