DeFi Essentials: Banking Without Banks Quiz

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DeFi Essentials: Banking Without Banks: a General level Cryptocurrency quiz. Test your knowledge with 14 questions!
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Questions

Question 1
Which technology typically powers DeFi platforms?
A Traditional banking software
B Centralized servers
C Blockchain
D Physical cash registers
Question 2
What is the primary goal of DeFi?
A To remove intermediaries
B To increase bank fees
C To centralize control
D To replace the internet
Question 3
What are 'smart contracts' in DeFi?
A Personal loan agreements
B Legal papers signed by lawyers
C Self-executing code
D Digital bank receipts
Question 4
Which cryptocurrency is most commonly used for DeFi apps?
A Cash
B Ethereum
C Gold
D Standard stocks
Question 5
What is a common use for DeFi?
A Manufacturing cars
B Tax collection
C Physical shipping
D Lending and borrowing

📋 This quiz has 14 questions in total.

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