Which of the following is excluded from being considered a business day?

A business day typically refers to any day that financial institutions and businesses operate, generally Monday through Friday, excluding weekends and public holidays. In the context of real estate transactions, holidays are crucial to understand because they can affect deadlines and the timing of various processes.

Holidays are not considered business days because they are designated as times when most businesses are closed. Therefore, when counting timelines for transactions or legal documents, holidays are excluded from that count.

Weekends, on the other hand, are also not considered business days, but the question specifically asks for something that is excluded in a broader context, which typically includes holidays as a recognized exclusion in business operations. While Fridays are included as business days, the focus of this question is on holiday designations which directly halt business activities.

The correct understanding here emphasizes the role of holidays in business day calculations, particularly in the context of real estate transactions where precise timing is critical.