DeFi Basics: Exploring Decentralized Finance Quiz

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DeFi Basics: Exploring Decentralized Finance: a General level Cryptocurrency quiz. Test your knowledge with 6 questions!
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Questions

Question 1
What are the automated programs on blockchains called?
A Crypto-scripts
B Smart contracts
C Digital receipts
D Online agreements
Question 2
Which asset type is often used for collateral in DeFi?
A Paper checks
B Gold bars
C Cryptocurrencies
D Real estate deeds
Question 3
DeFi applications are typically considered what?
A Bank-owned
B Permissionless
C Government-run
D Offline
Question 4
What does lending in DeFi remove?
A Smart contracts
B Interest rates
C Digital assets
D Credit checks
Question 5
Which blockchain is most famous for DeFi?
A PayPal
B Ethereum
C Venmo
D The stock market

📋 This quiz has 6 questions in total.

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