Which of the Following Are True About the ROUND Function

question 47

Multiple Choice

Which of the following are true about the ROUND function?

• A) If the number of digits argument is equal to 0 (zero), then the number is rounded to the nearest integer.
• B) If the number of digits argument is not included, then the number is rounded to 10 times the current value.

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Definitions:

Truth-In-Lending Act

A U.S. federal law designed to protect consumers in their dealings with lenders and creditors, by requiring clear disclosure of key loan terms and costs.

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the return on investment.

Misrepresentation

The act of providing false, misleading, or incorrect information typically in a contractual context, leading to an erroneous belief by another party.

Material Omission

The failure to include vital information that results in a deceptive representation, significant in legal and financial disclosures.