Financial =EFFECT(nominal_rate, npery)

Quiz =EFFECT — 10 Questions

10 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 — 10 questions 1 of 10

Question 1 of 10 1/10

What usually causes #NUM! in =EFFECT?

Question 2 of 10 2/10

How many optional arguments does =EFFECT have?

Question 3 of 10 3/10

Which function is NOT related to =EFFECT?

Question 4 of 10 4/10

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

Question 5 of 10 5/10

Which formula is a valid example of =EFFECT?

Question 6 of 10 6/10

How many arguments does =EFFECT have in total?

Question 7 of 10 7/10

Which is the correct syntax of =EFFECT?

Question 8 of 10 8/10

In =EFFECT, which is argument #2?

Question 9 of 10 9/10

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

Question 10 of 10 10/10

What is the type of argument “nominal_rate” in =EFFECT?

Click a question to see the answer.

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

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

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

2. How many optional arguments does =EFFECT have?

A. —
B. 2
C. 1
D. 0 ✓

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

3. Which function is NOT related to =EFFECT?

A. FV
B. RATE
C. NOMINAL
D. FINV ✓

Explanation: “FINV” is not related to EFFECT.

4. What is the fix for #NUM! in =EFFECT?

A. Check the two arguments ✓
B. Volatile and recalculates every time
C. Requires add-in
D. Only works in old versions

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

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

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

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

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

A. 1
B. 3
C. 2 ✓
D. 4

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

7. Which is the correct syntax of =EFFECT?

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

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

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

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

Explanation: Argument #2 is “npery”.

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

A. برای هر دو آرگومان مقدار عددی وارد کنید و بررسی کنید سلول‌ها متنی یا خالی نباشند. ✓
B. Requires add-in
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.

10. What is the type of argument “nominal_rate” in =EFFECT?

A. Text
B. Value
C. Number ✓
D. Logical

Explanation: Type of “nominal_rate” is “Number”.