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