The Lookup Value

question 41

Multiple Choice

The lookup value

• A) is the argument in a function that identifies which lookup table column from which to return a value.
• B) looks in a horizontal table where the first row contains the values.
• C) is a reference to a cell containing a value to look up.
• D) is a range containing a lookup table.

---

Definitions:

Collateral

Property or assets that a borrower offers to a lender as security for a loan. If the borrower defaults, the lender may seize the collateral to recoup its losses.

Automatic Stay

A legal provision that halts actions by creditors to collect debts from a debtor who has declared bankruptcy, giving the debtor temporary relief.

Chapter 7

A type of bankruptcy that involves the liquidation of a debtor's non-exempt assets by a trustee to pay creditors.

Secured Creditors

Creditors who have a legal right to seize specific assets of the debtor if the debtor fails to repay the debt as agreed.