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Understanding DeFi
This quiz will test your knowledge on Decentralized Finance (DeFi) and its key concepts.
What does DeFi stand for?
Digital Finance
Decentralized Finance
Distributed Finance
Direct Finance
Which of the following is a key feature of DeFi?
Traditional banking
Centralized control
Physical assets
Smart contracts
What is a common use case for DeFi applications?
Video streaming
Lending and borrowing
Online shopping
Social media
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