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