DeFi & CeFi Quiz

(Multiple Choice – One correct answer) What is one of the primary goals of Decentralized Finance (DeFi)?

(Multiple Choice – Multiple correct answers) Which of the following are risks associated with DeFi? (Select all that apply)

(True or False) CeFi platforms are controlled by a central entity, which poses a single point of failure and vulnerability to hacking or manipulation.

(Multiple Choice – One correct answer) What is one of the primary advantages of Centralized Exchanges (CEXs)?

(True or False) Decentralized exchanges (DEXs) facilitate peer-to-peer transactions without relying on intermediaries, providing users with greater control over their assets and enhancing security by eliminating the need for centralized authorities.

(Multiple Choice – One correct answer) Which of the following is an example of a Decentralized Exchange (DEX)?

(Multiple Choice – Multiple correct answers) What are some activities possible to do on a Decentralized Exchange (DEX)? (Select all that apply)

(True or False) Centralized exchanges (CEXs) offer high liquidity, robust security measures, user-friendly interfaces, and regulatory compliance, providing traders with efficient and convenient platforms to execute trades and access a wide range of digital assets.

(Multiple Choice – One correct answer) Which of the following fundraising methods offered on Centralized Exchanges enhances the credibility and transparency compared to a traditional Initial Coin Offering (ICO)?

(Multiple Choice – Multiple correct answers) What are some features of a Centralized Exchanges (CEX)? (Select all that apply)