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 statement about =EFFECT is correct?

Question 2 of 15 2/15

Is argument “npery” required in =EFFECT?

Question 3 of 15 3/15

How many optional arguments does =EFFECT have?

Question 4 of 15 4/15

Is =EFFECT volatile?

Question 5 of 15 5/15

Which formula is a valid example of =EFFECT?

Question 6 of 15 6/15

What is the output type of =EFFECT?

Question 7 of 15 7/15

Which function is NOT related to =EFFECT?

Question 8 of 15 8/15

In =EFFECT, which is argument #1?

Question 9 of 15 9/15

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

Question 10 of 15 10/15

Which is the correct syntax of =EFFECT?

Question 11 of 15 11/15

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

Question 12 of 15 12/15

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

Question 13 of 15 13/15

Does =EFFECT return a dynamic array?

Question 14 of 15 14/15

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

Question 15 of 15 15/15

How many arguments does =EFFECT have in total?

Click a question to see the answer.

1. Which statement about =EFFECT is correct?

A. Requires add-in
B. Npery is truncated to an integer. ✓
C. Only works in old versions
D. Select entire column for best performance

Explanation: Correct: Npery is truncated to an integer.

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

A. No
B. Yes
C. Yes ✓
D. —

Explanation: “npery” is required.

3. How many optional arguments does =EFFECT have?

A. —
B. 2
C. 0 ✓
D. 1

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

4. Is =EFFECT volatile?

A. No
B. No ✓
C. Yes
D. —

Explanation: EFFECT is not volatile.

5. 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)

6. What is the output type of =EFFECT?

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

Explanation: Output is “Number”.

7. Which function is NOT related to =EFFECT?

A. FV
B. NOMINAL
C. RATE
D. PPMT ✓

Explanation: “PPMT” is not related to EFFECT.

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

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

Explanation: Argument #1 is “nominal_rate”.

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

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

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

10. Which is the correct syntax of =EFFECT?

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

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

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

A. Select entire column for best performance
B. Only works in old versions
C. Check the two arguments ✓
D. Text is always ignored

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

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

A. Volatile and recalculates every time
B. برای هر دو آرگومان مقدار عددی وارد کنید و بررسی کنید سلول‌ها متنی یا خالی نباشند. ✓
C. Text is always ignored
D. مقدار nominal_rate صفر یا منفی است یا npery کوچک‌تر از ۱ است.

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.

13. Does =EFFECT return a dynamic array?

A. No ✓
B. No
C. —
D. Yes

Explanation: EFFECT does not spill.

14. What is the type of argument “npery” in =EFFECT?

A. Logical
B. Array
C. Mixed
D. Number ✓

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

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

A. 3
B. 4
C. 1
D. 2 ✓

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