Please Briefly Describe the DATE and NOW Functions, Including How

question 46

Essay

Please briefly describe the DATE and NOW functions, including how the formula is written, any arguments involved, and a situation of when you would use that function: DATE and NOW.

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Definitions:

Potential Investments

Opportunities for allocating resources with the expectation of generating a future financial return or benefit.

Loanable Funds

Represents the money available for borrowing in the financial markets, determined by savings and the supply of credit.

Equilibrium Interest Rate

The interest rate at which the demand for money balances equals the supply of money in circulation, leading to a stable economic environment.

Loanable Funds

A term in economics referring to all the money available for lending by banks or other financial institutions, influenced by savings and investments.