Which of the Following Statements About the Demographic Patterns of Informal

Multiple Choice

Which of the following statements about the demographic patterns of informal investors is not true

A) Many informal investors belong to angel networks.
B) Most informal investors are well educated, with many having graduate degrees.
C) Informal investors will finance firms anywhere, particularly in the United States.
D) The majority of informal investors do not expect to play an active role in ventures financed.