Practice Decentralized Finance (defi) (28.9.3) - Digital Transformation and Financial Technology (FinTech)
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Decentralized Finance (DeFi)

Practice - Decentralized Finance (DeFi)

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What is DeFi?

💡 Hint: Think about who the traditional services remove in the process.

Question 2 Easy

List one advantage of using DeFi.

💡 Hint: Consider the role of intermediaries.

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What does DeFi primarily eliminate in financial transactions?

Intermediaries
Fees
Taxes

💡 Hint: What role do banks play in traditional transactions?

Question 2

True or False: All DeFi transactions are completely risk-free.

True
False

💡 Hint: Consider what you know about online investments.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Evaluate the potential effects of DeFi on traditional banks. How might they need to adapt?

💡 Hint: Consider how customer preferences evolve in the digital age.

Challenge 2 Hard

Create a comprehensive risk assessment for a hypothetical DeFi project. Identify at least three major risks.

💡 Hint: Think about security and regulations involved.

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Reference links

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