Financial =NOMINAL(effect_rate, npery)

Quiz =NOMINAL — 10 Questions

10 quiz questions about =NOMINAL — 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 is the output type of =NOMINAL?

Question 2 of 10 2/10

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

Question 3 of 10 3/10

Which function is NOT related to =NOMINAL?

Question 4 of 10 4/10

In =NOMINAL, which is argument #2?

Question 5 of 10 5/10

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

Question 6 of 10 6/10

Which statement about =NOMINAL is correct?

Question 7 of 10 7/10

How many required arguments does =NOMINAL have?

Question 8 of 10 8/10

Does =NOMINAL return a dynamic array?

Question 9 of 10 9/10

Is =NOMINAL volatile?

Question 10 of 10 10/10

Which formula is a valid example of =NOMINAL?

Click a question to see the answer.

1. What is the output type of =NOMINAL?

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

Explanation: Output is “Number”.

2. What is the type of argument “npery” in =NOMINAL?

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

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

3. Which function is NOT related to =NOMINAL?

A. RATE
B. EFFECT
C. VAR.P ✓
D. NOMINAL_X

Explanation: “VAR.P” is not related to NOMINAL.

4. In =NOMINAL, which is argument #2?

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

Explanation: Argument #2 is “npery”.

5. What is the fix for #NUM! in =NOMINAL?

A. Check the two arguments ✓
B. Requires add-in
C. Only works in old versions
D. Select entire column for best performance

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

6. Which statement about =NOMINAL is correct?

A. The relationship between NOMINAL and EFFECT is shown in the following equation:
B. Only works in old versions
C. Requires add-in
D. Npery is truncated to an integer. ✓

Explanation: Correct: Npery is truncated to an integer.

7. How many required arguments does =NOMINAL have?

A. 2 ✓
B. 4
C. 3
D. 1

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

8. Does =NOMINAL return a dynamic array?

A. Yes
B. No ✓
C. No
D. —

Explanation: NOMINAL does not spill.

9. Is =NOMINAL volatile?

A. Yes
B. No
C. No ✓
D. —

Explanation: NOMINAL is not volatile.

10. Which formula is a valid example of =NOMINAL?

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

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