Back to Course
Question 03.
What’s true about Decentralized Finance (DeFi)?
a. It’s a new kind of government program.
Wrong Answer!
No – DeFi isn’t run by governments or banks.
b. It means “Definitely Fine".
Wrong Answer!
Funny, but no – it’s short for Decentralized Finance.
c. It lets people buy, borrow, lend, and trade without going through a bank.
You got it!
Correct! DeFi uses blockchain technology to offer financial tools directly between users.
d. It’s only for big investors.
Wrong Answer!
No – anyone can access DeFi tools with a crypto wallet.
Finish Quiz
The Language Of Crypto Quiz: Question 3 | Crypto 101 | NCA