Get DeFit with Trainer Joe

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Quiz 2 - Lending Part 2

Please confirm your Discord name (starting with @) *

1. The Reserve Factor takes what type of payment? *

1 point

Collateral

Interest Rate

Borrow Value

2. Liquidations can occur if the collateral value .... *

1 point

Decreases

Increases

3. If the collateral is $3k and the collateral factor is 60%, what is the Borrow Limit? *

1 point

40%

20%

$1,800

$1,200

4. Price volatility will affect the Borrow Limit *

1 point

True

False

5. The Liquidator is given an 8% Discount on 100 AVAX worth $60 each. With the Discount, what price will they acquire 1 AVAX for? *

1 point

$48.40

$55.20

$56.80

6. Chainlink Oracle provides Banker Joe with a reliable *

1 point

Collateral Factor

Borrowing Limit

Price Data Feed

7. Banker Joe uses which type of Lending Pool? *

1 point

Grouped Lending Pool

Isolated Lending Pool

8. What do Liquidators do for Banker Joe? *

1 point

Liquidate underwater accounts to provide Banker Joe with extra income

Liquidate underwater accounts to fill their own pockets

Save lenders from bad debt as well as keeping the Lending market solvent

9. Banker Joe recently added $MIM, what is the Collateral Factor for the Token? *

1 point

50%

60%

70%

10. Banker Joe will only list an asset with a Chainlink data feed *

1 point

True

False

11. If your Borrowing position is liquidated on Banker Joe, what % do Liquidators take from the collateral they seize? *

1 point

100%

10%

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