Financial =EFFECT(nominal_rate, npery)

Quiz =EFFECT — 15 Questions

15 quiz questions about =EFFECT — test syntax, arguments, examples & errors!

Questions: 10 questions 15 questions Random 10 or 15 questions from the pool + shuffled options each time

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Progress — 15 questions 1 of 15

Question 1 of 15 1/15

Which formula is a valid example of =EFFECT?

Question 2 of 15 2/15

Which use case fits =EFFECT?

Question 3 of 15 3/15

What is the fix for #VALUE! in =EFFECT?

Question 4 of 15 4/15

Which statement about =EFFECT is correct?

Question 5 of 15 5/15

Which function is NOT related to =EFFECT?

Question 6 of 15 6/15

How many arguments does =EFFECT have in total?

Question 7 of 15 7/15

What is the output type of =EFFECT?

Question 8 of 15 8/15

Which is the correct syntax of =EFFECT?

Question 9 of 15 9/15

Which function is related to =EFFECT?

Question 10 of 15 10/15

Is =EFFECT volatile?

Question 11 of 15 11/15

Is argument “nominal_rate” required in =EFFECT?

Question 12 of 15 12/15

Is argument “npery” required in =EFFECT?

Question 13 of 15 13/15

In =EFFECT, which is argument #2?

Question 14 of 15 14/15

In =EFFECT, which is argument #1?

Question 15 of 15 15/15

What usually causes #NUM! in =EFFECT?

Click a question to see the answer.

1. Which formula is a valid example of =EFFECT?

A. EFFECT(A2,A3)
B. =FV(A2,A3)
C. =EFFECT(A2,A3, 0)
D. =EFFECT(A2,A3) ✓

Explanation: Correct example: =EFFECT(A2,A3)

2. Which use case fits =EFFECT?

A. Worksheet Info & Navigation
B. Ranking & Top N
C. Investment Appraisal
D. Financial Calculations ✓

Explanation: Use case “Financial Calculations” fits EFFECT.

3. What is the fix for #VALUE! in =EFFECT?

A. Text is always ignored
B. برای هر دو آرگومان مقدار عددی وارد کنید و بررسی کنید سلول‌ها متنی یا خالی نباشند. ✓
C. Output is always a dynamic array
D. Select entire column for best performance

Explanation: If either argument is nonnumeric, EFFECT returns the #VALUE! error value. — Fix: برای هر دو آرگومان مقدار عددی وارد کنید و بررسی کنید سلول‌ها متنی یا خالی نباشند.

4. Which statement about =EFFECT is correct?

A. Only works in old versions
B. Npery is truncated to an integer. ✓
C. Requires add-in
D. EFFECT (nominal_rate,npery) is related to NOMINAL(effect_rate,npery) through effective_rate=(1+(nominal_rate/npery))*npery -1.

Explanation: Correct: Npery is truncated to an integer.

5. Which function is NOT related to =EFFECT?

A. FV
B. NOMINAL
C. ISNONTEXT ✓
D. RATE

Explanation: “ISNONTEXT” is not related to EFFECT.

6. How many arguments does =EFFECT have in total?

A. 4
B. 2 ✓
C. 3
D. 1

Explanation: =EFFECT has 2 required, 0 optional (2 total).

7. What is the output type of =EFFECT?

A. Number ✓
B. Array
C. Text
D. Reference

Explanation: Output is “Number”.

8. Which is the correct syntax of =EFFECT?

A. =FV(nominal_rate, npery)
B. =EFFECT(nominal_rate, npery, 0)
C. EFFECT(nominal_rate, npery)
D. =EFFECT(nominal_rate, npery) ✓

Explanation: Correct syntax: =EFFECT(nominal_rate, npery)

9. Which function is related to =EFFECT?

A. FV ✓
B. NA
C. SERIESSUM
D. LOG10

Explanation: “FV” is related to EFFECT.

10. Is =EFFECT volatile?

A. —
B. No ✓
C. No
D. Yes

Explanation: EFFECT is not volatile.

11. Is argument “nominal_rate” required in =EFFECT?

A. Yes ✓
B. Yes
C. —
D. No

Explanation: “nominal_rate” is required.

12. Is argument “npery” required in =EFFECT?

A. Yes ✓
B. Yes
C. No
D. —

Explanation: “npery” is required.

13. In =EFFECT, which is argument #2?

A. value
B. npery ✓
C. nominal_rate
D. range

Explanation: Argument #2 is “npery”.

14. In =EFFECT, which is argument #1?

A. npery
B. range
C. criteria
D. nominal_rate ✓

Explanation: Argument #1 is “nominal_rate”.

15. What usually causes #NUM! in =EFFECT?

A. Only works in old versions
B. Output is always a dynamic array
C. If nominal_rate ≤ 0 or if npery < 1, EFFECT returns the #NUM! error value. ✓
D. Requires add-in

Explanation: If nominal_rate ≤ 0 or if npery < 1, EFFECT returns the #NUM! error value. — Fix: Check the two arguments