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:

Financial Crisis

A significant disruption in the flow of funds from lenders to borrowers, often characterized by a sharp decline in asset prices and the insolvency of financial institutions, leading to economic recession.

Interest Rate

The rate at which interest is paid by borrowers for the money that they borrow.

Preference for Liquidity

The desire to hold cash or easy-to-liquidate assets, often due to uncertainty or expectation of needing immediate funds.

Money Supply

The collective amount of currency and currency equivalents within an economy at a designated snapshot in time, including cash, coin forms, and savings and checking account deposits.