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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What is a key feature of DeFi?
A. It relies on centralized financial institutions.
B. It allows users to have direct control over their funds.
C. It restricts access to users based on location.
Question 2:
What role do smart contracts play in DeFi?
A. They allow users to store cryptocurrencies.
B. They automate transactions without intermediaries.
C. They provide a centralized platform for managing funds.
Question 3:
What is one of the major advantages of DeFi?
A. It provides financial services only to wealthy individuals.
B. It requires users to go through traditional banks.
C. It reduces transaction costs by removing intermediaries.
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