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