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28.9.3. Decentralized Finance (DeFi)
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3 cards from this lesson. Good the night before a test.
Try these first
- 1.
What is DeFi?
Hint
Think about who the traditional services remove in the process.
- 2.
List one advantage of using DeFi.
Hint
Consider the role of intermediaries.
- 3.
What does DeFi primarily eliminate in financial transactions?
- Intermediaries
- Fees
- Taxes
Hint
What role do banks play in traditional transactions?
- 4.
True or False: All DeFi transactions are completely risk-free.
- True
- False
Hint
Consider what you know about online investments.
- 5.
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.
- 6.
Create a comprehensive risk assessment for a hypothetical DeFi project. Identify at least three major risks.
Hint
Think about security and regulations involved.
Exercises
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
4 more questions available
Enrol freeQuiz
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting
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Enrol freeChallenge Problems
Total Questions
2
Estimated Time
4 min
Passing Score
70%
Instructions
- Read each question carefully
- You can use hints if you need help
- Complete all questions before submitting