DeFi Basics: Banking Without Banks Quiz

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DeFi Basics: Banking Without Banks: a General level Cryptocurrency quiz. Test your knowledge with 10 questions!
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Questions

Question 1
What does DeFi aim to remove from financial services?
A The internet
B Intermediaries like banks
C Computers
D Cryptocurrency
Question 2
How do users interact with DeFi applications?
A By visiting a bank branch
B Through a crypto wallet
C By calling a broker
D Via paper checks
Question 3
What is 'yield farming' in DeFi?
A Buying stocks
B Earning rewards by providing liquidity
C Mining gold
D Growing physical crops
Question 4
What is the primary requirement for using DeFi?
A An internet connection and wallet
B A credit score
C A college degree
D A passport
Question 5
What is collateral in a DeFi loan?
A An asset locked to secure a loan
B A bank signature
C A physical house
D A credit card

📋 This quiz has 10 questions in total.

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