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