If You Need to Find Out How Many Days Between

question 40

Multiple Choice

If you need to find out how many days between two dates, which function would you use?

• A)DAY
• B)DAYS
• C)DAYSBETWEEN
• D)EDATE

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Definitions:

Prime Rate

The prime rate is the interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark for various loan products.

Bond Indenture

A legal contract between a bond issuer and the bondholders, outlining the terms, conditions, and covenants of the bond issue.

Floating-Rate Payments

Refers to interest or dividend payments that adjust periodically based on a reference rate, like LIBOR or the Prime Rate.

Fixed-Rate Payments

Payments made in consistent amounts over time in the context of a loan or other financing arrangement, where the interest rate does not change.