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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?
Direct Finance
Digital Finance
Decentralized Finance
Distributed Finance
Which of the following is a key feature of DeFi?
Physical assets
Smart contracts
Centralized control
Traditional banking
What is a common use case for DeFi applications?
Online shopping
Social media
Video streaming
Lending and borrowing
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