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Understanding DeFi
This quiz will test your knowledge on Decentralized Finance (DeFi) and its key concepts.
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
Traditional banking
Physical assets
Smart contracts
What does DeFi stand for?
Digital Finance
Decentralized Finance
Distributed Finance
Direct Finance
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