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How can you use the SUBSTITUTE() function?
A. To replace occurrences of a substring within a text string
B. To find the maximum value in a range
C. To count the number of cells with numbers
D. To calculate the average of a range of cells
Answer: To replace occurrences of a substring within a text string
Which function calculates the present value of an investment based on constant periodic payments and a constant interest rate?
A. PV
B. FV
C. NPV
D. IRR
Answer: PV
How can you create a data validation list?
A. Use the Data Validation button on the Data tab
B. Use Conditional Formatting
C. Use the Format Cells dialog
D. Use the Fill Handle
Answer: Use the Data Validation button on the Data tab
How can you merge cells in Excel?
A. Use the Merge & Center button on the Home tab
B. Use Conditional Formatting
C. Use the Format Cells dialog
D. Use the Fill Handle
Answer: Use the Merge & Center button on the Home tab
Which function calculates the number of cells that meet a specific condition?
A. COUNTIF
B. SUMIF
C. AVERAGEIF
D. COUNTIFS
Answer: COUNTIF
How can you use the IFERROR() function?
A. To return a value if a formula results in an error
B. To find the maximum value in a range
C. To count the number of cells with numbers
D. To calculate the sum of a range of cells
Answer: To return a value if a formula results in an error
Which function calculates the sum of a range based on multiple criteria?
A. SUMIFS
B. SUMIF
C. COUNTIFS
D. COUNTIF
Answer: SUMIFS
How can you add a new worksheet?
A. Use the New Sheet button on the bottom tab
B. Use the Insert tab
C. Use Conditional Formatting
D. Use the Format Cells dialog
Answer: Use the New Sheet button on the bottom tab
How can you use the CONCATENATE() function?
A. To combine multiple text strings into one
B. To find the maximum value in a range
C. To count the number of cells with numbers
D. To calculate the average of a range of cells
Answer: To combine multiple text strings into one