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DeFi: Decentralized Finance Basics Quiz

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15 Questions

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DeFi: Decentralized Finance Basics: a General level Cryptocurrency quiz. Test your knowledge with 15 questions!

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Questions

Question 1

What does DeFi stand for?

A Defined Finance

B Digital Finance

C Detailed Finance

D Decentralized Finance

Question 2

What is the main goal of DeFi?

A To increase fees

B To replace banks

C To print more cash

D To track taxes

Question 3

DeFi operates primarily on which technology?

A The Internet

B Credit cards

C Blockchain

D Paper checks

Question 4

What replaces traditional middlemen in DeFi?

A Bank tellers

B Smart contracts

C Accountants

D Lawyers

Question 5

A 'DEX' in DeFi stands for what?

A Data Exchange

B Digital Exchange

C Dollar Exchange

D Decentralized Exchange

📋 This quiz has 15 questions in total.