The Date of a Promissory Note Is Entered in Cell

question 20

Multiple Choice

The date of a promissory note is entered in Cell A2 as a date; 4/10/2010, and the number of days before discount is entered in Cell A3 as a number, 35. What must be done in Excel to calculate the discount date?

• A) Both Cell A2 and Cell A3 must first be converted to dates and then added together.
• B) Both Cell A2 and Cell A3 must first be converted to numbers and then added together.
• C) Subtract Cell A3 from A2.
• D) Add cell A3 to A2.

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Definitions:

Short-Run Phillips

A concept describing the inverse relationship between unemployment and inflation in the short run.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a specific period, typically measured annually.

Money Supply

The complete sum of financial resources present within an economy at a given moment.

Growth Rate

The rate at which a country's economy or a specific industry or company's revenue increases over a specific time period.