Use of English
Part 2 - Open Cloze
For questions 1-8, read the text below and think of the word which best fits each gap.
Crowdfunding Platforms
Crowdfunding platforms have changed the way new ideas are financed. In the past, inventors often had to rely (0) ON banks or wealthy investors, both of whom expected strong guarantees. Today, however, creators can present their projects online and ask large numbers of people to contribute small amounts of money. This model has opened the door to opportunities that might not otherwise have existed. One reason for its success is that supporters often feel personally connected to the projects they back. They are not only giving money, but also taking part (1) .......... the development of a product, film or social campaign. In many cases, people contribute because they believe (2) .......... the idea or admire the team behind it. At the same time, project creators must be clear about what the money will be used (3) .......... and how long development is likely to take. Crowdfunding has benefits, but it is not without risk. Some campaigns fail to deliver what they promised, and backers may end (4) .......... disappointed. Even so, these platforms have made it easier for creative people to reach an audience and find support, rather (5) .......... depending entirely on traditional finance. As a result, many small businesses have been able to get (6) .......... the ground more quickly. This has led (7) .......... greater innovation in areas ranging from technology to community projects, and it has shown that public interest can sometimes be as valuable (8) .......... private investment.
Instructions
For questions 1-8, read the text below and think of the word which best fits each gap.
Exercise Details
Author
kmirasprra no
@kmirasprra-no
User Prompt
"Create an exercise about the impact of crowdfunding platforms"
Created on:
May 20, 2026
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